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Edward Barfield Of Geneos Wealth Management, Inc. And Formerly With Cetera Advisor Networks LLC Has Had Seven Customer Complaints For Alleged Broker Misconduct

Who is Edward Barfield of Geneos Wealth Management, Inc.?

Edward Barfield

Edward Barfield (CRD #4257082) who is currently registered as a broker and investment adviser with Geneos Wealth Management, Inc. and located in Kirkwood, Missouri, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Geneos Wealth Management, Inc., Edward Barfield was associated with Cetera Advisor Networks LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Edward Barfield has had his own regulatory problems. He entered into a consent order with the State of Missouri over alleged unsuitable investment recommendations involving variable annuities and insurance policies. He was ordered to pay restitution and fined.

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Edward Barfield Customer Complaints

Edward Barfield has been the subject of at least one customer complaint that we know about seeking to recover investment losses. Three of the customer complaints were settled by OneAmerica Securities in favor of the investors. The same brokerage firm denied 3 other customer complaints, and, to date, those investors have not taken any further action. There is currently one customer complaint made against the advisor in connection with his employment at Geneos Wealth Management that was recently filed and is still pending.

Allegations Against Edward Barfield

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendation of a fixed whole life insurance product.
  • Negligent transfer of IRA account to a revocable living trust account creating tax liability.
  • Breach of contract for failure to pay death claim on an insurance policy the representative sold them.
  • Breach of fiduciary duty and negligence relating to the sale of life insurance policies.
  • False and misleading statements to induce use of 401(k) savings to purchase life insurance.
  • Unsuitable investment recommendations and failure to disclose information in connection with the sale of a variable annuity contract and variable universal life insurance policy.
  • Unsuitable investment recommendations of variable annuities and insurance products.
  • A 1035 exchange of variable annuity reduced customers guaranteed retirement income which was inappropriate.

Edward Barfield Red Flags & Your Rights As An Investor

Of course, Edward Barfield did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Edward Barfield at Geneos Wealth Management, Inc. and Cetera Advisor Networks LLC on alert to review carefully the activity and performance of their accounts and question whether Edward Barfield has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Geneos Wealth Management, Inc., and Cetera Advisor Networks LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

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or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Geneos Wealth Management, Inc. Due To Edward Barfield

If you have questions about Geneos Wealth Management, Inc., Cetera Advisor Networks LLC and/or Edward Barfield and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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