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
Disclosure History
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
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