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Hugh Barndollar Of Crown Capital And Formerly Cornerstone Securities Has 6 Customer Complaints For Alleged Broker Misconduct In the Past Year

Who is Hugh Barndollar Of Crown Capital And Formerly Cornerstone Securities?

Hugh Ordway Barndollar III (CRD #3027317) who is currently registered with Crown Capital Securities, Purepath Wealth Management and Barndoor Financial and located in Land O’Lakes, Florida is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Crown Capital Securities he was registered with Cornerstone Securities and nine (9) other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Crown Capital And Cornerstone Securities Broker Misconduct

In his career, Mr. Barndollar has been the subject of seven (7) customer complaints that we know about, six (6) of those complaints were filed in the last year. Two of those customer complaints were settled in favor of investors. There are currently five (5) pending customer complaints filed against Mr. Barndollar’s current employer Crown Capital for his alleged misconduct.

Allegations Against Hugh Barndollar

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints are as follows:

  • Sale of unregistered securities, fraud, breach of contract, breach of fiduciary duty, negligence and gross negligence.
  • Alleged unsuitability, alleged negligence, alleged fraud, alleged misrepresentation, and alleged breach of fiduciary duty.
  • Customer alleges lack of suitability, negligence, misrepresentations and omissions of material facts in regard to transactions in nontraditional, alternative and/or nontraded REIT investments.
  • The customer alleges lack of proper due diligence, breach of fiduciary duty, and suitability obligations as it relates to the purchase of illiquid alternative investments.

Hugh Barndollar Red Flags & Your Rights As An Investor

Of course, Mr. Barndollar 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 Mr. Barndollar at Crown Capital on alert to review carefully the activity and performance of their accounts and question whether Mr. Barndollar has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints also raises questions about Crown Capital’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Crown Capital And Cornerstone Securities

If you have questions about Centaurus Financial and J. P. Turner & Company and/or Mr. Barndollar 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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