Barbara Bottoms fined, suspended by FINRA

Barbara Bottoms fined and suspended by FINRA

Barbara Bottoms fined by FINRA

In November, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Barbara Bottoms of North Pole Alaska, a registered representative formerly with Wells Fargo Advisors submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member  in any capacity for two years months and ordered to pay a fine of $17,500. The FINRA complaint asserted that Barbara Bottoms engaged in unauthorized mutual fund transactions in her clients’ accounts.  FINRA also found that Bottoms improperly took client information home with her which resulted in confidential information being held in an unsecure location.

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Barbara Bottoms was registered with Wells Fargo Advisors from October, 2011 through Augsut, 2015.

According to FINRA’s CRD disclosure report, Barbara Bottoms has been the subject of one regulatory investigation.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.



Contact Information