Records filed with a US bankruptcy court show that at least one former client of Newbridge Financial Services advisor Nick...Read More
Gregory Barson: REIT Complaint Against Ex-Crown Capital Advisor
Las Vegas financial advisor Gregory Barson (CRD# 4874815) is involved in an investor complaint relating to a non-traded REIT and other products. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Investment Planners, having previously been registered with Crown Capital Securities.
Mr. Barson’s BrokerCheck report discloses one investor complaint. Filed in March 2023, it alleges that as a representative of Crown Capital Securities, he breached his fiduciary duty, failed in his supervisory duties, made misrepresentations of material facts, and recommended unsuitable investments in a non-traded real estate investment trust (REIT) and non-traded business development companies. The pending complaint alleges damages of $99,000.
For reference, FINRA rules and other securities industry standards prohibit brokers like Mr. Benson from misrepresenting material information relating to the investments they recommend to their customers. FINRA Rule 2020 specifically stipulates that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” FINRA-registered representatives who make misrepresentations regarding investments or investment strategies may be held liable in the event of losses. They may also be subject to disciplinary action by securities industry regulators.
According to the Financial Industry Regulatory Authority, Gregory Barson holds 18 years of securities industry experience. Based in Las Vegas, Nevada, he has been a broker and an investment advisor with Investment Planners since 2020. His past registrations include Crown Capital Securities (Las Vegas, Nevada; 2016-2020), Newport Coast Securities (Las Vegas, Nevada; 2010-2016), Newbridge Financial Services Group (Lehi, Utah; 2008-2010); Newbridge Securities Corporation (Sandy, Utah; 2008-2010), Regal Securities (Lehi, Utah; 2008-2010), Regal Advisory Services (Glenview, Illinois; 2008), Brookstreet Securities Corporation (Lehi, Utah; 2006-2007), and ING Financial Partners (South Jordan, Utah; 2005-2006). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Nevada, and Utah. (Information current as of March 26, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.