Barry Garapedian is a California based securities broker. He has worked in the securities industry for thirty-six years. During his career, he has been registered with four different securities firms.
His registrations include; E.F. Hutton & Company (1982-1988), Lehman Brothers (1988-1993), Citigroup Global Markets (1993-2009), and Morgan Stanley (2009-Present).
Barry Garapedian’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In February 1997, a customer alleged misrepresentation. This case went to arbitration where the customer was awarded $17,018.75 in damages.
In November 1997, a customer alleged unauthorized trading against Barry Garapedian. This case was settled for an undisclosed amount in damages.
In August 2001, a customer alleged unsuitability, over-concentration, unsuitable margin trading, failure to disclose risks, and negligence. This case was settled for $100,000 in damages.
In April 2003, a customer alleged breach of fiduciary duty, breach of contract, negligence, and fraud. The alleged transgressions taking place between February 2000 and May 2002. This case was settled for $42,000 in damages.
In March 2008, a customer alleged failure to follow instructions. This case was settled for $1.5 million in damages.
Also in March 2008, a customer alleged unsuitability and misrepresentation. This case was settled for $125,000 in damages.
In March 2018, a customer alleged unsuitable investment recommendations taking place between 2013 and 2014. This case is currently pending. The customer is seeking an undisclosed amount in damages.
In April 2018, a customer alleged excessive fees, unsuitable investments, and over-concentration against Barry Garapedian. This case was settled for $110,000 in damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Barry Garapedian, please contact Oakes & Fosher for a free and private consultation.