Former First Standard Financial Company broker Michael Leahy (CRD# 1899498) has been barred by the Financial Industry Regulatory Authority (FINRA)...Read More
Barry Horowitz: $1.2MM Complaint Against Ex-Lincoln Rep
Former Glastonbury, Connecticut broker Barry Horowitz (CRD#: 2651525), who is currently registered as an investment adviser with Financial Resources Group in Glastonbury, has settled or pending customer complaints alleging millions of dollars in damages. Financial Industry Regulatory Authority (FINRA) records show that Horowitz was most recently registered as a broker with Lincoln Financial Securities Corporation.
Barry Horowitz’s FINRA-maintained BrokerCheck report lists one settled and one pending investor complaint against him. The most recently settled complaint was filed in May 2019 and alleged that as a representative of Lincoln Financial Securities, he “improperly referred” the investors to an individual known to be a “fraudster” who solicited the investors to purchase a promissory note. In 2020 the complaint reached a settlement of $1.2 million.
A complaint filed in June 2020 also alleges that as a representative of Lincoln Financial Securities, Barry Horowitz improperly referred the investors to a known fraudster who solicited them to purchase a promissory note product. The pending complaint alleges unspecified damages in excess of $999,000.
According to records provided by the Financial Industry Regulatory Authority (FINRA), Barry Horowitz is currently not registered as a broker, but is registered as an investment advisor with Financial Resources Group in Glastonbury, Connecticut. According to SEC records, he was registered with Lincoln Financial Securities from 1995 until 2018, and before that he was registered as an investment adviser with Independent Advisers Group Corp. in Glastonbury, Connecticut from 2011 until 2013. He has passed five securities industry qualifying 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 General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He currently holds no state securities licenses. (Information current as of July 13, 2021.)