Current Investigations

Erryn Barkett Allegedly Sells Unregistered And Unsuitable Securities To Multiple Customers

By April 16, 2019 No Comments

Erryn Barkett was a Virginia based securities broker. He worked in the securities industry for seventeen years. During his career, he was registered with four different securities firms.

His registrations included; AXA Advisors (2000-2007), NFP Securities (2007-2008), Next Financial Group (2008-2013), and LPL Financial (2013-2017). He is no longer working as a registered securities broker in any fashion.

Erryn Barkett’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.

In February 2014, a customer alleged that Barkett sold her fraudulent securities. This case was settled for $170,000 in damages.

In July 2015, a customer alleged that Barkett sold her unregistered and unsuitable securities. This case is currently pending. The customer is seeking $78,000 in damages.

In July 2015, Erryn Barkett was accused by the state that he sold seven unregistered securities to customers. This case was settled for $141,405 in damages.

In January 2017, customers alleged that Barkett recommended to them that they invest in various fraudulent companies. He allegedly sold them $60,000 worth of unregistered securities to them. The customers also alleged that Erryn Barkett recommended almost $650,000 in illiquid and poor performing alternative investments and annuities. This case was settled for $85,000 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 Erryn Barkett, please contact Oakes & Fosher for a free and private consultation.