Law Firm of David Chase reviewing potential claims against Alonza Barnett Jr.

The Law Firm of David Chase is analyzing claims of unsuitability and breach of fiduciary duty brought against former Ameritas Investment Corp (CRD #14869) broker Alonza Barnett JR. (CRD #4577695) after a customer filed a $1.75 million FINRA arbitration against him.

According to Barnett’s FINRA BrokerCheck report, a customer filed an FINRA arbitration complaint in February 2017 against Barnett alleging breach of fiduciary duty, negligence, the conversion of funds and damages in the amount of $1.75 million.

Another customer dispute was filed in March 2016 alleging unsuitable investments, and seeks $50,000 in damages.

FINRA suspended Barnett in March of 2017 after he refused to respond to a request for information.

Ameritas Investment Corp. employed Barnett from June 2010 until December 2016. Barnett operated out of Ameritas’ Greensboro, North Carolina branch.  According to Barnett’s detailed CRD report, he was also a registered as an independent agent at multiple firms for selling fixed insurance products.

Among other basic tenets, brokers are required to recommend suitable investments to their customers. This requires that the broker: investigates and conducts due diligence into the investment’s attributes including its benefits, risks, tax consequences, and other relevant factors to form a reasonable basis for the recommendation of the product; and appropriately matches the investment with the customer’s specific investment needs and objectives, such as the customer’s retirement status, long or short-term goals, age, disability, income needs, or any other relevant factors.

When a broker or brokerage firm fails to recommend investments to its customers along those guidelines, there has to be accountability.  If you have lost money on an investment that did not fit your investment profile, you may be able to recover some or all of your lost money.

FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading.  We work on a contingency fee basis, meaning you pay us nothing unless we recover money for you.

If you have invested with Alonza Barnett JR and Ameritas Investment Corp and have lost money doing so, you may be able to recover some or all of your losses.  My law firm is experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.

The Law Firm Of David R. Chase represents the interests of investors who have been the victims of investment fraud.  If you have questions about your legal rights, please contact  David Chase for a free consultation – or toll-free (800)-760-0912.

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