DID EDWARD JOSEPH BARFIELD CAUSE YOU INVESTMENT LOSSES?

Edward Barfield Of Geneos Wealth Management, Inc. And Formerly With Cetera Advisor Networks LLC Has Had Seven Customer Complaints For Alleged Broker Misconduct

Who is Edward Barfield of Geneos Wealth Management, Inc.?

Edward Barfield (CRD #4257082)

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Edward Barfield Customer Complaints

Edward Barfield has been the subject of at least one customer complaint that we know about seeking to recover investment losses. Three of the customer complaints were settled by OneAmerica Securities in favor of the investors. The same brokerage firm denied 3 other customer complaints, and, to date, those investors have not taken any further action. There is currently one customer complaint made against the advisor in connection with his employment at Geneos Wealth Management that was recently filed and is still pending.

Allegations Against Edward Barfield

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

• Unsuitable investment recommendation of a fixed whole life insurance product.
• Negligent transfer of IRA account to a revocable living trust account creating tax liability.
• Breach of contract for failure to pay death claim on an insurance policy the representative sold them.
• Breach of fiduciary duty and negligence relating to the sale of life insurance policies.
• False and misleading statements to induce use of 401(k) savings to purchase life insurance.
• Unsuitable investment recommendations and failure to disclose information in connection with the sale of a variable annuity contract and variable universal life insurance policy.
• Unsuitable investment recommendations of variable annuities and insurance products.
• A 1035 exchange of variable annuity reduced customers guaranteed retirement income which was inappropriate.

Edward Barfield Red Flags & Your Rights As An Investor

Of course, Edward Barfield did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Edward Barfield at Geneos Wealth Management, Inc. and Cetera Advisor Networks LLC on alert to review carefully the activity and performance of their accounts and question whether Edward Barfield has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Geneos Wealth Management, Inc., and Cetera Advisor Networks LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags ra