BRADLEY CLAYTON BARRETT is currently employed as a Broker and/or Investment Adviser at NATIONAL SECURITIES CORPORATION located at 377 E. BUTTERFIELD ROAD, SUITE 925, LOMBARD, IL, 60148.
BRADLEY CLAYTON BARRETT has worked at NATIONAL SECURITIES CORPORATION since January 02, 2002
BRADLEY CLAYTON BARRETT has 2 Disclosure Event(s).
Date: May 03, 2001 Category: Customer Dispute Allegations: THE CLIENT IS UNHAPPY WITH THE PERFORMANCE OF HIS PORTFOLIO WHICH CONTAINS PRIMARILY LISTED AND OTC STOCKS. THE CLIENT STATES HE PURCHASED STOCKS BASED ON REPS RECOMMENDATION AND FEELS HE COULD HAVE PICKED STOCKS BETTER HIMSELF. THE ACCOUNT HAS AN UNREALIZED LOSS EXCEEDING $20,000. Damage Amount Requested: $46,066.00 Damages Granted: $11,261.75 Broker Comment: REP INDICATES THE CLIENT LIKED THE TECHNOLOGY STOCKS AND WOULD OFTEN CONTACT HIN TO OBTAIN THE FIRMS OPINION ON THESE STOCKS. REP DENIES HAVING PRESSURED THE CLIENT INTO ANY DECISIONS MADE IN REGARDS TO THE TRADES IN THE CLIENTS ACCOUNT. REP STATES SOME STOCKS WERE SOLD TO LOCK IN GAINS AND IF THE STOCK LATER BECAME ATTRACTIVELY PRICED HE WOULD RECOMMEND PURCHASING THE SHARES AGAIN. THE CLIENTS PORTFOLIO DID CONTAIN SOME NON-TECHNOLOGY STOCKS SUCH AS GILLETTE, LOWES AND DOLLAR GENERAL. IT APPEARS ALL TRANSACTIONS WERE BASED ON CONVERSATIONS WITH THE CLIENT AND WERE PLACED WITH THE CLIENTS AUTHORIZATION.
Date: February 23, 1999 Category: Customer Dispute Allegations: THE CUSTOMER CLAIMS HE REQUESTED PORTFOLIORECOMMENDATION FOR $1,000,000.00 FROM IR EMPLOYED BY EDWARDJONES AND THAT $800,000.00 WAS INVESTED IN THE PUTNAM FUNDS.HE INDICATES HE NOW REALIZES THAT IF THE ENTIRE AMOUNT HAD BEENINVESTED WITH THE PUTNAM FUNDS HE WOULD NOT HAVE PAID A SALESCHARGE. HE CLAIMS IR DID NOT ADVISE HIM OF THE $1,000,000.00BREAKPOINT AND INDICATES HE COULD HAVE SAVED OVER $30,000.00 INCOMMISSIONS. REQUESTS THE CANCELLATION OF THE TRADES AND THERETURN OF HIS $1,000,000.00 PLUS INTEREST. Damage Amount Requested: $1,000,000.00 Broker Comment: THE CUSTOMER WAS INFORMED THAT HE ACTUALLYPURCHASED $575,000.00 IN PUTNAM FUNDS AND DID RECEIVE THE$500,000 BREAKPOINT WHICH REDUCED THE SALES CHAARGE TO 2%. IRCLAIMS THAT ON HIS INITIAL PROPOSAL CUSTOMER HAD EXPRESSEDINTEREST IN A DAVIS NEW YORK FUND. IR DID NOT BELIEVE CUSTOMERWAS INTERESTED IN INVESTING THE ENTIRE AMOUNT INTO JUST THEPUTNAM FUNDS. THE IR`S RECOMMENDATIONS FOR THE CUSTOMER`SPORTFOLIO WERE SUITABLE AND HE DID EXPLAIN THE BREAKPOINTS TOTHE CUSTOMER AND SHOWED HIM THE APPLICABLE PAGE OF THEPROSPECTUS. CLAIM DENIED.NOT PROVIDED
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for BRADLEY CLAYTON BARRETT, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More