Advisor Alert: Our Attorneys Are Investigating Barry Luther Buchholz For Investment Fraud

Chetan Patil on March 13, 2024

Did You Lose Money Because of Barry Buchholz?

Filed: March 12, 2024

Barry Buchholz (also known as Barry Luther Bucholz) currently has three (3) pending customer complaints. Overall, he has been the subject of eight (8) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Barry Luther Buchholz.

Who Is Barry Luther Buchholz of LPL Financial LLC?

  • Advisor Name: Barry Luther Buchholz
  • Aliases: Barry Luther Bucholz
  • CRD: 1583582
  • Location: Cedar Rapids, Iowa
  • Current Employer: LPL Financial LLC
  • Previous Firms: Private Client Services, LLC, Cambridge Investment Research, Inc., and New England Securities
  • Number of Known Customer Complaints: 8
  • Number of Known Regulatory Events: 1
  • Can Barry Buchholz Be Sued: Yes, in Private Arbitration
  • Can Barry Buchholz’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $131,725
  • Highest Settlement: $13,000

If you have suffered investment losses by Barry Buchholz, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Barry Buchholz For Broker Misconduct

As of this publication date, Barry Buchholz has been the subject of 8 customer disputes and 1 regulatory event. Let’s review them below.

In January 2024, a complaint was filed against or in reference to Barry Buchholz by a customer of LPL Financial LLC alleging unauthorized trading. Per the customer, he/she lost over $10,000 because of Mr. Buchholz’s actions. As of this publication date, this claim remains pending.

In November 2023, a complaint was filed against or in reference to Barry Buchholz by a customer of LPL Financial LLC alleging unauthorized trading. As of this publication date, this claim remains pending.

In November 2023, a complaint was filed against or in reference to Barry Buchholz by a customer of LPL Financial LLC alleging unauthorized trading. As of this publication date, this claim remains pending.

In February 2023, a complaint was filed against or in reference to Barry Buchholz by a customer of Private Client Services, LLC alleging that Mr. Buchholz made an unsuitable recommendation by soliciting the purchase of a variable annuity funded by refinancing the client’s mortgage, did not disclose the variable annuity’s surrender charge, and misrepresented the liquidity features of the variable annuity. Per the customer, he/she lost over $131,725 because of Mr. Buchholz’s actions.

In April 2014, a complaint was filed against or in reference to Barry Buchholz by a customer of Ohio National Life alleging that the insurance policy was never a suitable policy for his mother and was given poor recommendations.

In May 2005, a complaint was filed against or in reference to Barry Buchholz by a customer of The O.N. Equity Sales Company. Per the customer, he/she lost over $5,236.21 because of Mr. Buchholz’s actions.

In July 2003, a complaint was filed against or in reference to Barry Buchholz by a customer of The O.N. Equity Sales Company alleging that Mr. Buchholz reviewed 3 existing life policies to have a paid up life insurance policy. The client surrendered 3 existing policies for a paid up policy which would sustain itself. The client then received a premium notice of $4380 to maintain the policy payment of $20,786 is due. Per the customer, he/she lost over $20,786 because of Mr. Buchholz’s actions. On May 28, 2004, Mr. Buchholz settled the claim for $13,000, and some or all of this amount may have been paid by Mr. Buchholz’s employer and/or insurance carrier.

In March 2003, the State of Iowa – Iowa Insurance Division initiated a regulatory action against or in reference to Barry Buchholz for allegations that he violated Iowa insurance regulations regarding replacements.

In September 2001, a complaint was filed against or in reference to Barry Buchholz by a customer of The O.N. Equity Sales Company alleging that Mr. Buchholz recommended client exchange two variable annuities, which occurred on august 30, 2002. The client states that she was unaware of surrender charges or her rights under the free-look provision. She experienced market depreciation in her allocations in the new contracts. Per the customer, she lost over $18,569.41 because of Mr. Buchholz’s actions. On March 11, 2003, Mr. Buchholz settled the claim for $2,500.

How To File A Claim Against Barry Buchholz of LPL Financial LLC (previously with Private Client Services, LLC, Cambridge Investment Research, Inc., and New England Securities) To Get Your Money Back

If you have questions about Barry Buchholz, LPL Financial LLC, Private Client Services, LLC, Cambridge Investment Research, Inc., New England Securities, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.