1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Former World Equity Group Broker, Barry R. Block, Suspended and Fined By FINRA For Allegedly Misrepresenting Variable Annuity Expenses And Altering Disclosure Documents

Barry R. Block is a former World Equity Group Financial Advisor in its Arlington Heights, IL branch office.  Barry Block has been in the securities industry since 1984 and previously worked at Ausdal Financial Partners in Davenport, IA, Waterstone Financial Group in Arlington Heights, IL, and Dreher & Associates in Oakbrook Terrace, IL.  Barry Block is not currently registered as a broker.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), FINRA has suspended Barry Block for three months and fined him $15,000 for allegedly misrepresenting variable annuity expenses.  Specifically, FINRA alleges that Barry Block “misstated the fees associated with the new variable annuity, and/or fees associated with the surrendered variable annuity, on the disclosure forms provided to the customers.”  FINRA also alleges that Barry Block “altered disclosure documents involving transactions after the customers signed the documents.”

 For a copy of the FINRA sanction, click http://www.finra.org/sites/default/files/fda_documents/2017052426602%20Barry%20R.%20Block%20CRD%201042376%20AWC%20va.pdf

Similarly in 2009, Barry Block was “permitted to resign” from Waterstone Financial Group for allegations of “lack of disclosure on variable annuity product, alleged forgery.”  The customer alleged that, “after reveing the paperwork the clients then stated that they did not sign the transfer forms.”  That matter was settled for $110,000. 

For a copy of the Barry Block CRD, click https://brokercheck.finra.org/individual/summary/1042376#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.  

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis