Investor Alleges Matt Barr Executed Unauthorized Trades
Matt Barr (CRD #: 5224488), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on July 19, 2023. Read on if you want to know more about his alleged conduct as a broker.
On May 30, 2023, an investor alleged that Matt Barr executed unauthorized trades in September 2022. The client seeks $100,000 in damages in this pending dispute.
FINRA Rule 3260
FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.
Matt Barr has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Matt Barr is a registered broker in 25 states and the District of Columbia. He is also a registered investment adviser in Illinois, Maryland, New Jersey, Pennsylvania, and Texas.
He has also worked for NYLIFE Securities (CRD#:5167) and Liberty Partners Financial Services (CRD#:130390).
Kurta Law Can Help
If you worked with Matt Barr and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.