March 16, 2022 – An AWC was issued in which Barnett was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for 30 days. Without admitting or denying the findings, Barnett consented to the sanctions and to the entry of findings that he mismarked mutual fund order tickets as unsolicited when he had solicited the trades. The findings stated that Barnett marked the order tickets as unsolicited when he made investment recommendations in connection with customers’ reallocations of their mutual fund portfolios. Barnett’s mismarking of the orders caused his member firm to make and maintain inaccurate books and records.
The suspension was in effect from March 21, 2022, through April 19, 2022. (FINRA Case #2020066817601)
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
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