Barry Snyder (CRD#: 2385901), a registered representative with Snowden Account Services LLC in Coral Gables, Florida, is currently involved in a customer dispute in which a client alleges that he engaged in excessive and unauthorized trading from December 6, 2013 to January 31, 2015. The client, who filed the claim on August 22, 2019, is requesting $500,000 in damages. The claim is pending and has moved to arbitration, according to Barry Snyder’s BrokerCheck report accessed on September 18, 2019.
This is not the first time that Barry Snyder has been involved in a dispute. On November 2, 2018, a client filed a dispute, alleging “loss in value of account in concentrated positions.” Concentrated positions occur when an investor holds shares of stocks that constitute a large portion of their portfolio, leading to a lack of diversification. The client is seeking unspecified damages and the dispute is pending. On August 20, 2013, Barry Snyder was discharged from Credit Suisse Securities over “concerns related to the accuracy of records regarding certain orders the representative said he took from customers.”
Over his 22-year career in the securities industry, Barry Snyder has worked for five other firms in addition to Snowden Account Services (CRD#: 149794). He has also worked for:
- Lampost Capital, L.C. (CRD#: 43706) of Boca Raton, Florida
- P. Morgan Securities, LLC (CRD#: 79) of Palm Beach Gardens, Florida
- Credit Suisse Securities (USA), LLC (CRD#: 816) of West Palm Beach, Florida
- Deutsche Bank Securities Inc. (CRD#: 2525) of Palm Beach, Florida
- Goldman, Sachs & Co. (CRD#: 361) of New York, New York
If you’ve worked with Barry Snyder or have questions about concentrated positions, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for your free consultation.