Chad Barancyk Investigation
May 2022-Chicago, IL/Naples, FL
The FINRA records of Chad Barancyk, a former First Allied Securities broker, discloses a regulatory event and 8 pending customer disputes which seek cumulative damages exceeding $2 million.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 6/2017 Barancyk was suspended by FINRA to resolve allegations that he failed to comply with an arbitration award or settlement agreement.
Currently pending cases involving Barancyk include:
- FINRA Case 21-02500– a customer of Barancyk while previously employed by First Allied Securities alleges that she was recommended to invest in unsuitable alternative investments and seeks damages of $259,330.
- FINRA Case 21-01531- a First Allied Securitiescustomer alleges unsuitability, breach of fiduciary duty, breach of contract and negligence with damages of $260,000 in connection with real estate investments in connection with the purchase of direct investments and limited partnerships.
- FINRA Case 21-01914- a First Allied Securities customer alleges negligence, misrepresentation, failure to supervise and breach of contract with alleged damages of $500,000.
- FINRA Case 21-01854 – a First Allied Securities customer alleges suitability, misrepresentation, respondeat superior and failure to supervise with alleged damages of $53,000.
- FINRA Case 21-01444 – a First Allied Securitiescustomer alleges that Barancyk recommended unsuitable alternative investments and REITS with alleged damages of $100,000.
- FINRA Case 21-01016 – a First Allied Securities, Inc. customer alleges that Barancyk recommended unsuitable alternative investments and REITS with alleged damages of $200,000.
- FINRA Case 21-01018- a First Allied Securities customer alleges that Barancyk recommended unsuitable alternative investments and REITS and seeks damages of $500,000.
- FINRA Case 20-02843- a First Allied Securities customer alleges unsuitable investments, failure to properly diversify portfolio, breach of duties and contract and failure to supervise with alleged damages of $250,000.
Barancyk was with First Allied Securities from November of 2014 until November of 2020. Before that time he was with Cetera Investment Advisors from November of 2021 until January of 2021. He is currently employed by Great Point Capital.
If you have losses in an account handled by Chad Barancyk , call for a no charge consultation to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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