BARRY GRAHAM ARMSTRONG is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 200 MIDWAY ROAD, SUITE 155, CRANSTON, RI, 02920.
BARRY GRAHAM ARMSTRONG has worked at SECURITIES AMERICA, INC. since January 10, 2007
Disclosure History
BARRY GRAHAM ARMSTRONG has 7 Disclosure Event(s).
Date: June 13, 2017 Category: Customer Dispute Allegations: Client alleges that the Armstrong Group failed to manage his accounts. Client's accounts were opened at Securities America in September 2016 and closed in April 2017. Damage Amount Requested: $51,146.20 Settlement Amount: $23,933.16 Broker Comment: The Armstrong Group attempted to reach the client, but did not connect with the client to discuss investment of the cash proceeds in the client's accounts.
Date: July 08, 2015 Category: Regulatory Initiated By: MASSACHUSETTS Allegations: RESPONDENT ENGAGED IN A DISHONEST AND MISLEADING RADIO ADVERTISING CAMPAIGN IN VIOLATION OF THE MASSACHUSETTS UNIFORM SECURITIES ACT.
Date: December 10, 2012 Category: Customer Dispute Allegations: THE CLIENT EXPRESSED CONCERNS REGARDING THE PERFORMANCE OF HIS ACCOUNT. THE CLIENT ALLEGED THAT HE HAS EXPERIENCED LOSSES OF APPROXIMATELY $15,000. SINCE THE ACCOUNT WAS OPENED IN AUGUST 2012. Damage Amount Requested: $15,000.00 Broker Comment: THE CLIENT'S BALANCE DECREASED MODESTLY AFTER THE MARKET SUFFERED SIGNIFICANT LOSSES IN EARLY NOVEMBER. THE ADVISOR SPOKE WITH CLIENT AND THE RISK TOLERANCE AND CURRENT DEFENSIVE PORTFOLIO COMPOSITION CONTINUES TO BE APPROPRIATE FOR THE CLIENT'S INTERMEDIATE AND LONG-TERM GOALS. THE CLIENT DID NOT INTEND TO FILE A FORMAL COMPLAINT AND WAS SIMPLY VOICING HIS DISSATISFACTION WITH THE SHORT TERM LOSS WHICH HAS SINCE RECOVERED. THE CLIENT HAS WITHDRAWN HIS COMPLIANT.
Date: December 21, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES DAMAGES FROM MISREPRESENTATIONS AND OTHER WRONGDOINGS. Damage Amount Requested: $50,000.00 Settlement Amount: $12,380.63 Broker Comment: I DENY ALL CHARGES OF MISREPRESENTATIONS AND WRONG DOINGS. AT NO POINT WAS THE PRODUCT MISREPRESENTED. THE NATURE AND INHERENT RISK OF THE PRODUCT WAS FULLY DISCLOSED TO THE CLIENT, INCLUDING A THOROUGH REVIEW OF THE SUBSCRIPTION AGREEMENT AND THE RISKS THAT WERE OUTLINED WITHIN. CLIENT WAS PROVIDED WITH ALL THE REQUIRED DISCLOSURE DOCUMENTS AND WAS A WELL-INFORMED AND KNOWLEDGEABLE INVESTOR. I HAVE NEVER PERSONALLY MET WITH THIS CLIENT TO DISCUSS THIS PRODUCT AND THE ABOVE IS MY UNDERSTANDING OF THE FACTS. 01/18/2012: THIS CLAIM WAS A PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA. I WAS NOT ASKED TO NOR DID I CONTRIBUTE TO THIS SETTLEMENT.
Date: December 03, 2003 Category: Employment Separation After Allegations Firm Name: 1717 CAPTIAL MANAGEMENT COMPANY Termination Type: Discharged Allegations: VIOLATIONS OF COMPANY PROCEDURES; FAILURE TO SUPERVISE Broker Comment: I DISAGREED WITH THE ALLEGATIONS, HAD AN APPROVED DISCLAIMER BROADCAST FOUR TIMES PER SHOW, AND AM CURRENTLY DISPUTING THE ALLEGATIONS.
Date: December 21, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT DEFENDENTS MISREPRESENTED AND/OR FAILED TO DISCLOSE REVELANT INFORMATION IN SALE OF FIXED LIFE INSURANCE POLICY AND THAT RECOMMENDATIONS WERE UNSUITABLE Damage Amount Requested: $600,000.00 Settlement Amount: $250,000.00 Broker Comment: ISSUER OF FIXED LIKFE INSURANCE POLICY WILL KEEP POLICY IN FORCE UNTIL DEATH OF INSURED. IN ADDITION, DEFENDANTS WILL ALSO PAY ATTORNEY'S FEES OF $250,000.00
Date: August 04, 1980 Category: Criminal Charges: GRAND LARCENY Charge Type: FELONY Disposition: DISCHARGED - ADJUDICATION CONDITIONAL DISCHARGE Broker Comment: ON 8/4/80, ARMSTRONG WAS CHARGED WITH GRAND LARCENY FOR STEALING A RADIO IN RYE, NEW YORK. AFTER SIX MONTHS ARMSTRONG RECEIVED ADJUDICATION CONDITIONAL DISCHARGE.
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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