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Customer Alleged Barrett Schultz Breached His Fiduciary Duty

Barrett Schultz

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 27, 2018 indicate that Texas-based McNally Financial Services and Missouri-based ILG Securities Corporation broker/adviser Barrett Schultz has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Schultz (CRD# 2741114).

Barrett Schultz has spent 20 years in the securities industry and has been registered with McNally Financial Services Corporation in San Antonio, Texas since 2012, and with ILG Securities Corporation in Kansas City, Missouri since 2006. Previous registrations include ILG Securities Corporation in Kansas City, Missouri (2005-2006) and USAA Investment Management Company in San Antonio, Texas (1996-2004). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 16, 1996; Series 7 (General Securities Representative Examination), which he obtained on June 17, 1998; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on May 9, 1996; and Series 24 (General Securities Principal Examination), which he obtained on November 8, 1999. He is a registered broker and investment adviser with two US states: Florida and Texas.

According to his BrokerCheck report, Barrett Schultz has received one pending customer complaint.

In December 2017 a customer alleged Barrett Schultz, while employed at McNally Financial Services Corporation, committed fraud, breached contract, acted negligently, acted grossly negligent, negligently misrepresented material facts, breached his fiduciary duty, was negligent in his hiring duties, was negligent in his supervisory duties, aided and abetted fraud, and aided and abetted a breach of fiduciary duty. The customer is seeking $845,000 in damages in the pending complaint.

If you have lost money investing with Barrett Schultz, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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