Barbara Fife Barred from Securities Industry After Two Decades

Allegations concerning customer funds lead to permanent FINRA bar

Barbara Fife consented to the sanction that she failed to provide documents and information requested by FINRA during an investigation into accusations that she converted funds from a customer.

In October of 2015, a client reported that she wrote checks directly to Fife and that the funds were never invested or deposited into the the customer’s accounts. Damages in the amount of $257, 5000 were awarded to the client.

Among the other complaints against her are unsuitable investments, failure to disclose fees, misrepresentation of certificate of deposit, and forgery of a customer’s power of attorney.

Fife’s employment history includes LPL Financial, in Fishers, Indiana, from September 2007 to June 2016, City Securities Corp in Indianapolis, Fifth Third Securities in Cincinnati, and UBS Financial Services in Weehawken, New Jersey. She also worked in various other firms across the United States including Chicago, Napa, Springfield and Cleveland. Fife has a 21-year history in the securities industry.

It’s recommended that all those who used Fife as a financial advisor learn more about the allegations and actions against her. You can access a full report by viewing BrokerCheck, a complimentary service provided by the FINRA.

If you are concerned about your broker, have lost money at the hands of a trusted advisor, or suspect that he/she may be involved in unethical activities as it relates to your dealings with him/her, it is a good idea to seek the services of an experienced securities attorney.

The attorneys at Silver Law Group are leaders in the field of FINRA and securities arbitration. We represent individual and institutional investors across the United States that have lost money at the hands of a trusted financial advisor. Our services are provided on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. For more information, contact us for a complimentary consultation.