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Read MoreAmeriprise’s Mark Barrand Has Northstar Complaints
According to records maintained by the Financial Industry Regulatory Authority (FINRA), Denver, Colorado and Pleasant Grove, Utah broker and investment adviser Mark Barrand (CRD# 4586528) has received multiple settled or pending investor complaints alleging his conduct resulted in losses. Barrand is currently registered with Ameriprise Financial Services.
Mark Barrand’s BrokerCheck report lists four settled investor complaints against him, as well as two denied complaints and two pending complaints.
The most recent complaint, filed in February 2021, alleged that as a representative of Cetera Advisors, Mark Barrand misrepresented and omitted material facts regarding an unsuitable investment in a business development company. The complaint reached a settlement of $5,000.
A pending complaint filed in 2021 alleges that as a representative of Ameriprise Financial Services, Mark Barrand recommended “unsuitable, high-commission, illiquid alternative investments including FSKR, FS Global Credit, BDCA, and Northstar.” The pending complaint alleges damages of $125,000.
Another complaint filed in 2020 alleged that as a representative of Cetera Advisors, Mark Barrand breached his fiduciary duty and acted negligently in connection to investments in Oppenheimer Steelpath MLP Alpha Plus Fund and Northstar Healthcare. The complaint reached a settlement of $14,000.
A pending complaint filed in 2020 alleges that as a representative of Cetera Advisors, he made unsuitable recommendations of investments in real estate securities and business development companies. The pending complaint alleges damages of $150,000.
A complaint filed in 2019 alleged that as a representative of Cetera Advisors, he failed to perform due diligence, recommended an unsuitable investment, committed fraud, breached his fiduciary duty, and acted negligently. The complaint reached a settlement of $22,500.
Financial Industry Regulatory Authority (FINRA) show that Mark Barrand holds 18 years of securities industry experience and has been registered with Ameriprise Financial Services in Denver, Colorado and Pleasant Grove, Utah since 2016. His prior registrations include Cetera Advisors in Highlands Ranch, Colorado; Legacy Advisor Services in Highlands Ranch, Colorado; and Legacy Advisor Services in Petaluma, California. He has passed five securities industry examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the General Securities Representative Examination, or Series 7. He holds eleven state securities licenses. (Information current as of July 14, 2021.)
