Sam Barber: $80K Complaint Against Chittenden Financial Advisor

Naugatuck, Connecticut financial advisor Sam Barber (CRD# 4750380) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LifeMark Securities Corporation, doing business as Chittenden Financial Services.

Mr. Barber’s BrokerCheck report discloses one recent investor complaint. Filed in May 2024, it alleges that as a representative of LifeMark Securities, he failed to perform due diligence, misrepresented material facts, acted negligently, and recommended an unsuitable investment in a corporate bond sold by a company that later settled for Chapter 11 bankruptcy. The pending complaint alleges damages of $80,000.

Chittenden Financial’s website includes a profile of Mr. Barber that describes his background and experience. “He specializes in comprehensive financial planning, wealth management, estate planning, and insurance services for individual clients,” it explains. “Additionally, he helps businesses attract, reward, and retain key employees using employee benefit strategies and executive carve-out programs.”

According to the Financial Industry Regulatory Authority, Sam Barber holds 19 years of securities industry experience. Based in Naugatuck, Connecticut, he has been registered as a broker and an investment advisor with LifeMark Securities Corporation since 2017, doing business as Chittenden Financial Services. His past registrations include MML Investors Services (Norwalk, Connecticut; 2009-2017), AXA Advisors (Jersey City, New Jersey; 2008-2009), AXA Distributors (Charlotte, North Carolina; 2005-2008), and Northwestern Mutual Investment Services (Milwaukee, Wisconsin; 2004-2005). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Connecticut, Florida, Maine, New Jersey, New York, North Carolina, and Pennsylvania. (Information current as of July 6, 2024.)

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