May 12, 2024 | By Robert Pearce | Read Time: 3 minutes |

DID LAWRENCE CHARLES BARRETT CAUSE YOU INVESTMENT LOSSES?

Lawrence Barrett Of Lincoln Financial Advisors Corporation Has 3 Customer Complaints For Alleged Broker Misconduct

Lawrence Barrett Customer Complaints and Reviews

Barrett’s career has been marred by three reported customer disputes:

Unsuitable Oil & Gas Investment (Settled): In a case filed on December 30, 2022, and settled on October 6, 2023, claimants alleged Barrett recommended an unsuitable oil and gas investment, leading to alleged damages of $30,000, with a settlement amount of $27,663.28. The complaint underscores potential lapses in Barrett’s investment advisement.
401(K) Plan Mismanagement (No Action): A complaint filed on July 29, 1999, by trustees of a 401(K) plan, accused Barrett of not fully disclosing options concerning mutual fund share classes. This matter was closed on July 29, 2000, with no action, highlighting issues of transparency in his dealings.
Pending Complaint Regarding Oil & Gas Investment: Another claim was lodged on February 16, 2024, with allegations again focusing on an unsuitable oil and gas investment, this time involving alleged damages of $100,000. This complaint is currently pending, further casting a shadow on his advisement capabilities.

Allegations Against Lawrence Barrett

The allegations against Lawrence Charles Barrett primarily involve:

Recommending investments that were unsuitable for clients’ financial situations and risk profiles, particularly in high-risk sectors like oil and gas.
Failing to provide complete and transparent information regarding investment options, especially concerning mutual fund share classes in a 401(K) plan.
These disputes and pending allegations reflect a pattern that questions Barrett’s commitment to ethical financial practices and due diligence, making him a controversial figure in the brokerage community.

These accusations reflect poorly on his professional integrity and capability, presenting a high-risk profile to potential investors and collaborators in the financial services industry.

Lawrence Barrett Red Flags & Your Rights As An Investor

Of course, Lawrence Barrett 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 Lawrence Barrett at Lincoln Financial Advisors Corporation on alert to review carefully the activity and performance of their accounts and question whether Lawrence Barrett has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Lincoln Financial Advisors Corporation also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Lincoln Financial Advisors Corporation Due To Lawrence Barrett

If you have questions about Lincoln Financial Advisors Corporation and/or Lawrence Barrett and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Lawrence Barrett of Lincoln Financial Advisors Corporation Reviews