(CRD #1583582, Marion Iowa)

November 18, 2025 – An AWC was issued in which Barry Luther Buchholz was assessed a deferred fine of $7,500, suspended from association with any FINRA member in all capacities for one month, and ordered to pay deferred disgorgement of commissions received to FINRA in the amount of $7,480, plus interest. Without admitting or denying the findings, Buchholz consented to the sanctions and to the entry of findings that he effected unauthorized transactions totaling more than $590,000 in the accounts of four customers, the adult daughters of a deceased senior customer. The findings stated that after their father passed away, the customers each opened a non-discretionary brokerage account at Buckholz’ member firm, and he became the registered representative assigned to the accounts. Once the customers' brokerage accounts were funded with the proceeds from their father's estate, Buchholz placed trades to purchase $590,795 in mutual fund shares, generating $16,245.63 in commissions paid to Buchholz. Buchholz did not seek or obtain written or oral authorization from the customers to place these trades. Ultimately, the customers learned of these trades when they received their account statements. After learning of the trades, one of the customers directed Buchholz to sell the mutual fund shares, which he did two business days later. Shortly after that, Buchholz sold all the shares held in the account of another of the customers without obtaining her written or oral authorization. These liquidations collectively resulted in realized losses for both customers. The remaining two customers did not liquidate their mutual fund shares and ultimately saw positive returns on the investments. Buchholz earned $7,480 in commissions from the trades in the accounts of these two customers. All four customers filed complaints with Buckholz’ firm about these trades. Subsequently, the first two customers entered into settlements that repaid them for their losses. Buchholz personally contributed $15,000 toward these settlements. The suspension was in effect from December 1, 2025, through December 31, 2025. (FINRA Case #2024081242701) If you have suffered losses as a result of Barry Luther Buchholz's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Barry Luther Buchholz. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at  (813) 226-3372 or email Matthew Schwartz directly at mschwartz@tslfirm.com.