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Kevin Lawrence Barbalace formerly with Corinthian Partners, LLC And Dawson, James Securities, Inc. Has 6 Customer Complaints For Alleged Broker Misconduct

Who is Kevin L. Barbalace formerly with Corinthian Partners, LLC and Dawson, James Securities, Inc.?

Kevin Barbalace (CRD #4456476) who was formerly registered with Corinthian Partners, LLC and located in Middletown, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Corinthian Partners, LLC, Kevin Barbalace was associated with Dawson James Securities, Inc. and 7 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Kevin Barbalace has had his share of regulatory problems as well. In November 2016, he entered into an Acceptance, Waiver and Consent agreement with FINRA, without admitting or denying the allegations, but where FINRA made findings that he made unsuitable investment recommendations to a customer and exposed the customer to a risk of loss that was inconsistent with the customer’s financial needs and situation. The transactions resulted in an excessive concentration of low-price stocks in the customer’s accounts. FINRA also claimed that he accepted a check from a customer for an undisclosed outside business activity. Kevin Barbalace was then suspended for 3 months and fined.

Prior to the FINRA suspension, the Maryland Division of Securities investigated and reach an agreement with Kevin Barbalace whereby he consented to 2 years of heightened supervision in a civil monetary penalty.

Dawson James Securities, Inc. Broker Misconduct

In his career, Kevin Barbalace has been the subject of 6 customer complaints that we know about, 3 of those complaints were filed in the last 2 years to recover investment losses. There are currently 2 pending customer complaints filed against Kevin Barbalace’s former employer Corinthian Partners, LLC for investment losses caused by his alleged misconduct.

Allegations Against Kevin Barbalace  

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

  • Customer alleged unsuitable investment recommendations and misrepresentations related to certain private placement investments.
  • The customer alleged that Kevin Barbalace made misrepresentations in connection with her investment in a promissory note.
  • Claimant alleged that Kevin Barbalace made unsuitable investment recommendations and misrepresentations in connection with direct investments in limited partnership interests.
  • Claimants allege that Mr. Barbara lay’s misrepresented the risk associated with a private placement, investment he recommended.

Kevin Barbalace Red Flags & Your Rights As An Investor

Of course, Kevin Barbalace 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 Kevin Barbalace at Corinthian Partners, LLC and Dawson James Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Kevin Barbalace has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Dawson James Securities, Inc. also raises questions about its 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 Corinthian Partners, LLC

If you have questions about Corinthian Partners, LLC, Dawson James Securities, Inc. and/or Kevin Barbalace 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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