Chad White: Ex-Barrett & Company Broker Under Investigation

According to records provided by the Financial Industry Regulatory Authority (FINRA), former Rhode Island-based Barrett & Company broker Chad White has received numerous resolved or pending customer complaints and is under investigation by the Massachusetts Securities Division. MDF Law, a law firm advocating for the victims of broker fraud, is interested in speaking to investors who have complaints regarding Mr. White (CRD# 1345688).

Chad White Was Based in Providence, Rhode Island

Chad White has spent 35 years in the securities industry and was most recently registered with Barrett & White in Providence, Rhode Island from 1992 until 2020. His previous registrations include American Securities & Research Corporation (1987-1992); Commonwealth Equity Services (1986-1987); Investment Brokers of America (1985-1986); and Waddell & Reed (1985). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), obtained on March 29, 1985; SIE (Securities Industry Essentials Examination), obtained on October 1, 2018; Series 62 (Corporate Securities Limited Representative Examination), obtained on October 21, 1988; Series 6 (Investment Company Products/Variable Contracts Representative Examination), obtained on March 7, 1985; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), obtained on March 5, 1987. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one regulatory sanction, four customer complaints, and three pending customer complaints. A June 2019 disclosure shows that he is also under investigation by the Massachusetts Securities “in connection with the accounts of a client.”

Barrett & Company Report Millions in Complaints

Barrett & Co. recently reported to FINRA that White was involved in multiple customer arbitrations.

In September 2021 a customer alleged Chad White, while employed at Barrett & Company, recommended unsuitable investments in high-risk securities that sustained “substantial losses.” The customer is seeking $1.2 million in damages in the pending complaint.

In April 2021 a customer alleged Chad White, while employed at Barrett & Company, made unsuitable investments that “lost significant value.” The customer is seeking $1.6 million in damages in the pending complaint.

In April 2021 a customer alleged Mr. White, while employed at Barrett & Company, recommended unsuitable securities that suffered significant losses. The customer is seeking $300,000 to $500,000 in damages in the pending complaint.

In 2015 a party of customers filed a complaint against Mr. White and Barrett & Company, alleging misrepresentation and supervisory failures in connection to investments in small-cap stocks. In 2016 the complaint settled for $105,000.

In 2014 a customer alleged that while employed at Barrett & Company, he breached his fiduciary duty, acted negligently, and made unsuitable recommendations of unsuitable products. The complaint resulted in a 2016 award to the customer of $267,890.

In 2013 a customer alleged Mr. White, while employed at Barrett & Company, made unsuitable trades that resulted in losses. The complaint settled for $55,000.

In 2006 a customer alleged Mr. White, while employed at Barrett & Company, recommended unsuitable investments in over-the-counter equities. The complaint settled for $9,000. If you have complaints regarding investments made with Chad White, we may be able to help you too. Call 212-203-9300 today for a free consultation.

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