What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: February 6, 2017

Stoltmann Law Offices is investigating Kevin Lawrence Barbalace, who was assessed a deferred fine of $5,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA). Barbalace allegedly recommended and made trades in the client’s individual retirement account (IRA) and regular account that resulted in an excessive concentration of low-priced stocks in the client’s accounts. Because of this, the client incurred more than $7,000 in net losses. Barbalace also allegedly accepted a check from the client for an undisclosed outside business activity. He charged the customer $750 to complete online paperwork for the client to open a limited liability company and to retain him for as-needed consultation. Barbalace did not disclose this outside activity to his company, and this was against securities rules and regulations.

Barbalace was registered with IDS Life Insurance Company, American Express Financial Advisors, The Lincoln National Life Insurance Company, LPL, SII Investments, Dawson James Securities and Corinthian Partners in Middletown, New Jersey from August 2015 until June 2016. He has two customer disputes against him, both of which are pending. He is currently suspended from the industry. Please call 312-332-4200 today to speak to an attorney about your options of recovering your losses with Kevin Barbalace. We may be able to help you bring a claim against his firm, Corinthian Partners on a contingency fee basis.

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