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Investor Alleges Travis Barker’s Recommendation Led to Penalties

Mar 2, 2023 Unsuitable Investments

Travis Barker (CRD #: 7186142), a broker registered with Edward Jones, is involved in a pending dispute, according to his BrokerCheck record, accessed on February 21, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on January 4, 2023, an investor/co-trustee alleged that Travis Barker made an unsuitable recommendation to rebalance their account, resulting in taxes, penalties, and an increase in the client’s Medicare costs. The client seeks $222,320 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their age, risk tolerance, and other investments.

Suitability also extends to investment strategies. For instance, overconcentration in a certain stock or sector can expose an investor to a degree of risk that exceeds the risk tolerance described in their profile.

Investors who rely on brokers for recommendations may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Travis Barker has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination

Travis Barker is a registered broker in 23 states and a registered investment adviser in California and Texas.

Kurta Law Can Help

If you worked with Travis Barker and you have concerns about your investments, please contact us today at 877-600-0098 or 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.