Dispute Alleges Paul Barker Engaged in Misappropriation

Paul Barker (CRD #: 1931625), a broker formerly registered with Ameriprise Financial Services, allegedly engaged in misappropriation, according to his BrokerCheck record, accessed on August 9, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On April 10, 2025, the executor for the estate of a deceased client alleged that Paul Barker took advantage of his role as a fiduciary by becoming the attorney-in-fact and primary caregiver for the client and added his name and address to the client’s bank accounts.

The dispute further alleged that Paul Barker engaged in misappropriation of assets from his client. This pending dispute seeks $402,100 in damages.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3241

FINRA Rule 3241 prohibits brokers from being named as a beneficiary, executor, or trustee or holding other positions of trust for a client, except under certain circumstances.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

Background Information

Paul Barker has passed the following exams:

• Registered Options Principal Examination – Series 4
• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Securities Agent State Law Examination – Series 63

He has been registered with 16 firms in the past. The most recent include:

• Ameriprise Financial Services (CRD#:6363) 
• Wells Fargo Clearing Services (CRD#:19616) 
• U.S. Bancorp Investments (CRD#:17868)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Banc of America Investment Services (CRD#:16361) 
• WaMu Investments (CRD#:599) 
• Fiserv Investor Services (CRD#:34637) 
• Aegon USA Securities (CRD#:13302) 
• FN Investment Center (CRD#:19631)
• Invest Financial Corporation (CRD#:12984)

Kurta Law Can Help

If you worked with Paul Barker and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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 that 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.