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Les Barber of Royal Alliance Associates Has 3 Customer Complaints for Alleged Broker Misconduct

Who is Les Barber of Royal Alliance Associates?

Les Barber (CRD #1256348) who is currently registered with Royal Alliance Associates and located in South Jordan, Utah is a subject of one of our many securities industry sales practice abuse investigations.

Les Barber Customer Complaints

Les Barber has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Les Barber’s 3 customer complaints was settled in favor of investors. One of Les Barber’s customers’ complaints was denied and the customers did not take any further action.

There is currently one pending customer complaint filed against Royal Alliance Associates for investment losses caused by Les Barber’s alleged misconduct.

Allegations Against Les Barber

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

  • The claimant alleges the investments sold to him were to be safe, fixed-income investments for his retirement in accordance with his needs and financial objectives but instead, all of his retirement savings were put into highly risky and illiquid investments allegedly by Les Barber.
  • The customer alleges Les Barber sold her unsuitable and illiquid REIT and Private Investments.
  • The claimant alleged that Les Barber made unsuitable private placement investment recommendations.

Les Barber Red Flags & Your Rights as an Investor

Of course, Les Barber 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 that should put all current and former customers of Les Barber at Royal Alliance Associates on alert to review carefully the activity and performance of their accounts and question whether Les Barber has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Royal Alliance Associates 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.

File A Claim to Recover Your Investment Losses at Royal Alliance Associates Due to Les Barber

If you have questions about Royal Alliance Associates, and/or Les Barber 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.

Author Photo

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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