Harold CouglarPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on December 18, 2017 indicate that Illinois-based JJB Hilliard WL Lyons broker/adviser Michael Barnett has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Barnett (CRD# 5792242).

Michael Barnett has spent seven years in the securities industry and has been registered with JJB Hilliard WL Lyons in Marion, Illinois since 2012. He was previously registered with Edward Jones in Herrin, Illinois (2010-2012). He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on September 13, 2010, and Series 7 (General Securities Representative Examination), which he obtained on June 25, 2010. He is a registered broker and investment adviser with 32 US states and territories.

According to his BrokerCheck report, he has received one customer complaint and two pending customer complaints.

In November 2017 a customer alleged Michael Barnett, while employed at JJB Hilliard WL Lyons, misrepresented material facts, recommended unsuitable investments, and executed unauthorized trades. The customer is seeking $1,500,000 in damages in the pending complaint.

In January 2017 a customer alleged Michael Barnett, while employed at JJB Hilliard WL Lyons, participated in unauthorized trading of an unsuitable security. The customer is seeking unspecified damages in the pending complaint.

In 2016 a party of customers alleged Michael Barnett, while employed at JJB Hilliard WL Lyons, violated the Illinois Securities Act, breached his fiduciary duty, breached contract, committed fraud, acted negligently, misrepresented and omitted material facts, sold all of the clients’ blue chip stocks and invested the funds in their joint account and an IRA in a “highly speculative oil and gas company,” and that this alleged lack of diversification exposed them to “massive risk” contrary to their investment objectives. The complaint resulted in an award to the customer of $568,399.

If you or someone you know has complaints regarding Michael Barnett, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.