Chad White: Ex-Barrett & Company Broker Under Investigation

According to records provided by the Financial Industry Regulatory Authority (FINRA[1]), 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[2], 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 800-767-8040 today for a free consultation.

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