Securities Arbitration Lawyers BlogGreensboro, North Carolina-based Ameritas Investment Corp. Broker Alonza Barnett Under Investigation After FINRA Bar
Silver Law Group is investigating Greensboro, North Carolina-based Ameritas Investment Corp. (CRD# 14869) broker Alonza Barnett Jr (CRD# 4577695) after FINRA barred him and a customer brought a complaint alleging $1.75 million in damages.
Barnett’s CRD Report
According to Barnett’s FINRA BrokerCheck report, FINRA barred Barnett in March 2017 after he failed to respond to a FINRA request for information. According to FINRA, Barnett failed to request termination of his suspension within three (3) months of the date of the Notice of Suspension.
A little over one (1) month prior, a customer brought a complaint against Barnett alleging over $1.75 million in damages. The complaint alleges conversion of funds, breach of fiduciary duty and constructive fraud, and violation of the North Carolina Investment Advisors Act.
In March 2016, another customer filed a FINRA arbitration against Barnett, according to his BrokerCheck report. The customer alleged Barnett failed to determine suitability and was misleading regarding the type of investment. The customer felt that the investment was not appropriate and alleged damages of $50,000.
Ameritas Investment Corp. employed Barnett from June 2010 until December 2016 when FINRA barred him. Barnett operated out of Ameritas Investment Corp.’s Greensboro, North Carolina office.
According to Barnett’s detailed CRD report, Barnett also operated as an independent insurance agent for the purpose of selling fixed insurance products under the monikers Dachtler Wealth Management and Cenco-Altmann from 2010 to present.
Contact Our Securities Law Firm if You’ve Lost Money Investing
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. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.