Advisor Alert: Our Attorneys Are Investigating Les Leroy Barber Jr. For Investment Fraud
Did You Lose Money Because of Les Leroy Barber Jr.?
Filed: October 26, 2023
Les Leroy Jr. Barber has been the subject of one (1) termination event and four (4) customer complaints. 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 Les Leroy Barber Jr.
Who Is Les Leroy Barber Jr of Osaic Wealth, Inc.?
- Advisor Name: Les Leroy Barber Jr
- Aliases: Les Leroy Jr Barber
- CRD: 1256348
- Location: South Jordan, Utah
- Current Employer: Osaic Wealth, Inc.
- Previous Firms: Lincoln Financial Advisors Corporation and The Lincoln National Life Insurance Company
- Number of Known Customer Complaints: 4
- Number of Known Termination Events: 1
- Can Les Leroy Barber Jr Be Sued: Yes, in Private Arbitration
- Can Les Leroy Barber Jr’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $172,500
If you have suffered investment losses by Les Leroy Barber Jr., we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Les Leroy Barber Jr. For Broker Misconduct
As of this publication date, Les Leroy Barber Jr. has been the subject of 1 termination event and 4 customer disputes. Let’s review them below.
In June 2021, a FINRA arbitration was filed against or in reference to Les Leroy Barber Jr. by a customer of Royal Alliance Associates, Inc. alleging that Mr. Barber Jr recommended an unsuitable investment. Per the customer, he/she lost over $1,000,000 because of Mr. Barber Jr’s actions. On September 20, 2022, Mr. Barber Jr settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Barber Jr’s employer and/or insurance carrier.
In December 2020, a FINRA arbitration was filed against or in reference to Les Leroy Barber Jr by a customer of Royal Alliance Associates, Inc. alleging that Mr. Barber Jr recommended unsuitable private placements. Per the customer, he/she lost over $237,000 because of Mr. Barber Jr’s actions.
In July 2020, a complaint was filed against or in reference to Les Leroy Barber Jr by a customer of Royal Alliance Associates, Inc. alleging that Mr. Barber Jr sold unsuitable and illiquid REIT and Private Investments. Per the customer, she lost over $5,000 because of Mr. Barber Jr’s actions.
In November 2015, a FINRA arbitration was filed against or in reference to Les Leroy Barber Jr by a customer of Lincoln Financial Advisors alleging that the investments Mr. Barber Jr sold to the client beginning in June 2008 through October 2009 were to be safe, fixed income investments for his retirement in accordance with his needs and financial objectives but instead all of his retirement savings were put into highly risky and illiquid investments. Per the customer, he lost over $325,000 because of Mr. Barber Jr’s actions. On September 2, 2016, Mr. Barber Jr settled the claim for $172,500, and some or all of this amount may have been paid by Mr. Barber Jr’s employer and/or insurance carrier.
In February 2013, Lincoln Financial Advisors terminated Les Leroy Barber Jr for violations of firm policy regarding communications with the public including a violation of firm policy related to client communications involving the solicitation of private placements.
How To File A Claim Against Les Leroy Barber Jr. of Osaic Wealth, Inc. (previously with Lincoln Financial Advisors Corporation and The Lincoln National Life Insurance Company) To Get Your Money Back.
If you have questions about Les Leroy Barber Jr, Osaic Wealth, Inc., Lincoln Financial Advisors Corporation, The Lincoln National Life Insurance Company, 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. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.