Former Lincoln Financial Securities Corporation broker Barry Horowitz (CRD# 2651525) faces allegations of client damages in excess of $2.4 million related to promissory note losses. Horowitz was registered with Lincoln Financial Securities Corporation in Glastonbury, Connecticut from 1995 to August 2018.
Horowitz has been the subject of two customer complaints between 2019 and 2020, according to his CRD report:
- June 2020. “Claimants allege that former LFS Registered Representative Barry Horowitz improperly referred Claimants to an individual who was a known fraudster and who solicited Claimants into purchasing a promissory note. Claimants allege total damages in excess of $999,999.” The case is currently pending. The complaint was regarding promissory notes and took place while Horowitz was registered with Lincoln Financial Services.
- May 2019. “Claimants allege that former LFS Registered Representative Barry Horowitz improperly referred Claimants to an individual who was a know fraudster and who solicited Claimants into purchasing a promissory note. Claimants allege total damages in excess of 2.4 million.” The case was settled for $1.2 million. The complaint was regarding promissory notes and took place while Horowitz was registered with Lincoln Financial Services.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Lincoln Financial Securities Corporation may be liable for investment or other losses suffered by Horowitz’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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