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FINRA Broker Allegations

Allegations against: Barry Phillip West

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: Client alleged unauthorized trading and churning with claimed damages of $82,092.20. Client also alleged wronful liquidation of rule 144 stock in his own company which he had pledged to prudential securities for a margin loan and which was sold to meet a margin call generated by a decline in the stock's price caused by news of the possible collapse of a merger. Claimed damages of $224,000.

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