Haselkorn & Thibaut Opens Investigation Into LPL Financial Advisor Roger Barnett (Brentwood, TN)
Are you an investor who has worked with Roger Barnett (CRD# 1209301), a seasoned financial advisor currently registered with LPL Financial in Brentwood, Tennessee? Haselkorn & Thibaut, a leading national investment fraud law firm, has opened an investigation into customer complaints and potential risks associated with Mr. Barnett’s investment advice and practices.
If you’ve experienced losses or have any concerns, now is the right time to get answers. Our firm has over 50 years of combined experience, a 98% success rate, and millions recovered for investors nationwide. No recovery, no fee. Read on for the facts you need to make an informed decision about your investments—and how to protect your financial future.
Who Is Roger Barnett of LPL Financial in Brentwood, Tennessee?
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Roger Barnett is a veteran in the securities industry, bringing nearly four decades of experience to his current role at LPL Financial. Since 2020, he has been registered as a broker with LPL Financial—one of the largest independent broker-dealers in the United States. His previous registrations include stints at Hornor Townsend & Kent, The ON Equity Sales Company, Capital Analysts, Thomson McKinnon Securities, and Drexel Burnham Lambert.
- Experience: 38 years in the securities industry (as of late 2025)
- Licenses: SIE, Series 65, Series 63, Series 7, Series 5, Series 24
- Licensed States: Florida, Georgia, Illinois, Kentucky, Michigan, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Tennessee, and Texas
Understanding the Customer Complaint Against Roger Barnett
Recent public records available from FINRA BrokerCheck reveal that Mr. Barnett has one significant customer complaint disclosed in his record. Here’s a closer look at this complaint:
| Date Filed | Forum | Type | Allegation | Status/Outcome | Damages Sought |
|---|---|---|---|---|---|
| August 2025 | FINRA Customer Dispute | Investor Complaint | Unsuitable REIT Recommendation (as rep of The ON Equity Sales Company) | Pending | $125,000 |
This unresolved complaint alleges that Roger Barnett recommended an unsuitable real estate investment trust (REIT) to a client during his tenure at The ON Equity Sales Company, resulting in significant financial losses for the investor. Mr. Barnett denies the allegations.
Why Are Unsuitable REIT Recommendations a Red Flag?
Real estate investment trusts (REITs) offer the benefit of real estate exposure with potential steady income. However, not all REITs are created equal, and non-traded REITs, in particular, come with special risks:
- Limited liquidity—investors often can’t easily cash out.
- High fees and expenses that reduce returns.
- Unpredictable redemption schedules and secondary market values.
- Lower capital appreciation potential compared to other investments.
Suitability is a core principle in investment advice. Financial professionals must match recommendations to investors’ unique objectives, experience, income, risk tolerance, and liquidity needs. REITs, if mismatched with an investor’s profile, may result in undue losses—especially if sold to investors needing access to their money or seeking growth rather than income.
A Closer Look: Roger Barnett’s Regulatory Record and History
To provide a transparent and comprehensive overview, below is a step-by-step review of Roger Barnett’s professional record based on available disclosures and regulatory data:
- FINRA BrokerCheck: One pending customer complaint as of November 30, 2025, regarding unsuitable REIT recommendation. No other customer disputes, arbitrations, or regulatory actions currently reported.
- SEC Litigation and State Regulatory Searches: No reported enforcement actions, administrative proceedings, or cease-and-desist orders as of this writing.
- Firm Affiliations: Past affiliations include The ON Equity Sales Company, Hornor Townsend & Kent, Capital Analysts, Thomson McKinnon Securities, and Drexel Burnham Lambert.
- Licensing: Active across numerous states, allowing him to practice broadly.
What Actions Can Investors Take Now?
If you are a current or former client of Roger Barnett of LPL Financial, especially in Brentwood, Tennessee, and have concerns about REITs or other investment recommendations, you are not alone. Unsuitable advice can erode wealth and undermine years of planning. Identifying issues early and understanding your recovery options is crucial.
Haselkorn & Thibaut understands that navigating these situations can be confusing and stressful. Our team will listen, evaluate your case, and discuss your options—all with compassion and professionalism.
Why Investors Choose Haselkorn & Thibaut
- Over 50 years’ combined experience fighting for investors.
- 98% success rate recovering client funds.
- Millions recovered nationwide.
- No recovery, no fee.
- Direct communication, honest assessment, and empathy throughout the process.
Contact Us for a Free and Confidential Consultation
If you have lost money in a REIT, non-traded investment, or any other financial product recommended by Roger Barnett—whether at LPL Financial, The ON Equity Sales Company, or elsewhere—reach out now. Haselkorn & Thibaut’s seasoned attorneys are ready to help you understand your rights and pursue possible compensation.
Call Haselkorn & Thibaut today at 1-888-994-8066 for a free, confidential consultation. Let’s discuss your situation and how we may be able to help—there is no obligation and no fee unless we recover for you.
