Bart Harrison’s Delaware Statutory Trust Allegations Jeopardize Investor Funds

Bart Harrison’s Delaware Statutory Trust Allegations Jeopardize Investor Funds

As a financial analyst and legal expert with over a decade of experience, I’ve seen my fair share of investment fraud cases. The recent allegations against Alan Bartlett Harrison, also known as Bart Harrison, a stockbroker with Concorde Investment Services, LLC, are serious and warrant attention from investors.

According to the information provided, Harrison is under investigation for his involvement in a Delaware Statutory Trust. The seriousness of these allegations cannot be overstated, as they can have significant consequences for investors who have entrusted their money to Harrison and his firm. In fact, a report by Investopedia suggests that investment fraud costs Americans billions of dollars each year.

The Allegations and Their Impact on Investors

While the specific details of the case are not yet known, the mere fact that an investigation is underway should be a red flag for investors. When a financial advisor is accused of wrongdoing, it can lead to:

  • Loss of investor funds
  • Damage to the advisor’s reputation and credibility
  • Potential legal action against the advisor and their firm

Investors who have worked with Harrison or invested in the Delaware Statutory Trust in question should closely monitor the situation and consider seeking legal advice to protect their interests. If you believe you have been a victim of investment fraud or misconduct, it’s essential to report it to the proper authorities and consult with a qualified attorney. Financial Advisor Complaints is a valuable resource for those seeking information on filing complaints and pursuing legal action.

Harrison’s Background and Past Complaints

A closer look at Bart Harrison’s background reveals that he has worked for several firms over the years, including Emerson Equity, Moody Securities, and Wells Investment Securities. While it’s not uncommon for financial advisors to change firms, it’s essential to investigate the reasons behind these moves and whether any past complaints have been filed against Harrison.

Investors can research an advisor’s history using the FINRA BrokerCheck tool, which provides information on an advisor’s employment history, licenses, and any disciplinary actions or customer complaints. Harrison’s FINRA CRD number is 2529989.

Understanding FINRA Rules and Their Implications

FINRA, or the Financial Industry Regulatory Authority, is responsible for regulating the conduct of financial advisors and protecting investors. When an advisor violates FINRA rules, they can face disciplinary action, including fines, suspensions, or even a permanent ban from the industry.

In simple terms, FINRA rules require advisors to:

  • Act in the best interests of their clients
  • Provide accurate and complete information about investments
  • Avoid conflicts of interest
  • Maintain proper records and documentation

Violating these rules can have serious consequences for both the advisor and their clients.

Lessons Learned and Protecting Your Investments

The case of Bart Harrison and the Delaware Statutory Trust serves as a reminder of the importance of due diligence when choosing a financial advisor. As the famous investor Warren Buffett once said, “Risk comes from not knowing what you’re doing.”

To protect your investments and avoid falling victim to fraud, consider the following tips:

  • Research your financial advisor’s background and disciplinary history
  • Ask questions and demand clear, concise answers about investment strategies and risks
  • Diversify your portfolio to minimize the impact of any single investment
  • Stay informed about your investments and regularly review your account statements

Remember, even seemingly trustworthy advisors can engage in misconduct. In fact, a study by the Financial Planning Association found that nearly 1 in 10 financial advisors have a disciplinary history.

As the Harrison case unfolds, I will continue to monitor the situation and provide updates to help investors navigate these challenging times.

Disclaimer: The information herein is derived from public sources and is provided "as is" without warranty of any kind. Legal matters may have subsequent developments, and market values may fluctuate. While we strive for accuracy, we make no representations about the completeness or reliability of this information. Readers should independently verify all content and seek professional advice as needed.
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