Furgison Law Group is currently investigating claims against David Lloyd Barber (CRD# 1165082), and Madison Avenue Securities, LLC. We are investigating claims involving allegations of excessive trading, churning, unauthorized trading, breach of fiduciary duty, unsuitable investment recommendations, overconcentration, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct related to the following investments: 

• Chesapeake Energy;
• Westport Innovations Inc.;
• Pacific Drilling SA Luxembourg;
• BP Capital Twinline Energy Fund;
• GoPro;
• Twitter; and 
• Other unspecified investments.

A FINRA arbitration panel in San Diego, California, ordered David Barber to pay an investor $622,032.62 in compensatory damages, plus $622,032.62 in punitive damages, plus interest. The panel ordered Madison Avenue Securities to also pay the investor $211,808.55 in compensatory damages, plus $211,808.55 in punitive damages, plus interest. The panel ordered Madison Avenue Securities and David Barber to jointly pay the investor $445,263.50 in attorneys' fees, plus $44,296.90 in costs. FINRA Case #16-01450, Donna Gambee v David Lloyd Barber and Madison Avenue Securities, LLC. The panel found the firm and advisor liable for churning, excessive trading, breach of fiduciary duty, negligence and negligent supervision related the allegations above.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost money as a result of churning, excessive or other unsuitable trading by David Barber or Madison Avenue Securities or any other brokerage firms, the securities attorneys of Furgison Law Group may be able to help you. To speak with a securities attorney please call (310) 356-6890.

Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that may require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.