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FINRA Broker Allegations

Allegations against: Michael B Barnett

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Claimant, a former client, alleges breach of contract, breach of fiduciary duty, violation of kentucky consumer protection act, violation of kentucky blue sky law, and violation of illinois consumer fraud act. Specifically, the claimant alleges over-concentration and losses in breitburn energy (bbep) and that bbep was unsuitable.

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