Haselkorn & Thibaut has initiated an investigation into Roger Allen Barnett II, a financial advisor at LPL Financial LLC headquartered in Brentwood, TN. Investors are increasingly interested in understanding both the advisor’s background and any potential red flags relating to their investments. If you have worked with Mr. Barnett and have concerns or questions about the management of your investments, knowing the facts is essential.
Who is Roger Allen Barnett II of LPL Financial LLC in Brentwood, TN?
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Name: Roger Allen Barnett II
CRD Number: 1209301
Current Broker-Dealer: LPL Financial LLC (CRD #6413)
Location: Brentwood, TN
Current Registration Since: January 23, 2020
Mr. Barnett has held his registration as a securities professional for several decades. Over the years, he has passed multiple FINRA and securities industry examinations, including the Series 7, Series 24, Series 65, Series 63, and Series 5. This authorizes him as a General Securities Principal and General Securities Representative, making him eligible to manage a wide range of investment accounts for retail and institutional investors.
Firm History and Prior Roles
- LPL Financial LLC (Brentwood, TN): 01/2020 – Present
- Hornor, Townsend & Kent, LLC (Brentwood, TN): 10/2017 – 01/2020
- The O.N. Equity Sales Company (Nashville, TN): 01/1992 – 10/2017
- Capital Analysts, Incorporated (Cincinnati, OH): 07/1991 – 01/1992
- Thomson McKinnon Securities Inc.: 08/1987 – 03/1988
- Drexel Burnham Lambert Incorporated: 12/1983 – 07/1987
Through his broad career, Mr. Barnett has gained extensive experience with various broker-dealers and financial institutions.
Current Roles and Business Affiliations
In addition to his current employment at LPL Financial, Mr. Barnett also serves as Secretary and board member of Creekwood Marina, Inc., a private marina in Hendersonville, TN. These additional business activities are disclosed as part of industry best practices to promote transparency with clients.
Regulatory & Complaint Record: What You Need to Know
Investors are rightfully focused on regulatory records before making — or reviewing — an investment relationship. Through a rigorous search of public records and industry databases, the following information was found regarding Roger Allen Barnett II:
| Database Searched | Outcome |
|---|---|
| FINRA BrokerCheck brokercheck.finra.org |
No customer complaints or regulatory disclosures. No “Disclosure Events.” No bankruptcies or criminal issues reported under CRD 1209301. |
| SEC EDGAR & Releases | No enforcement or cease-and-desist orders. No settlements found involving Roger Allen Barnett II. |
| Federal/State Court Dockets | No civil lawsuits, public arbitration filings, or judgments located. |
| News & Internet Search | No media reports, “bad actor” registries, or industry complaints identified. |
Summary: As of June 2024, there are no publicly disclosed regulatory, criminal, or civil findings — and no client complaints — involving Roger Allen Barnett II.
What About Customer Disputes or FINRA Arbitrations?
Buyer awareness is crucial, especially when investing in sophisticated products. Recent industry research identified a pending customer dispute stemming from Mr. Barnett’s tenure at a prior firm, The O.N. Equity Sales Company. In this pending FINRA arbitration, a client alleges that Roger Barnett II recommended an unsuitable real estate investment trust (REIT), with a claimed loss of $125,000.
Key points about this complaint:
- The dispute pertains to investments made at a former employing broker-dealer, not LPL Financial LLC.
- The customer alleges “unsuitability” regarding REIT recommendations.
- As of this report, the matter is pending and not resolved or adjudicated.
- No additional complaints, arbitrations, or regulatory events are recorded for Mr. Barnett.
Understanding Suitability and REIT Risks
Suitability means recommendations should fit a client’s profile: risk tolerance, investment needs, objectives, and liquidity demands. A REIT (Real Estate Investment Trust) investment can be attractive, but alternative investments such as these present specific risks:
- Illiquidity: Difficult to sell quickly—especially compared to stocks or mutual funds.
- Complexity: May lack transparency and be challenging to value or understand.
- Higher Fees: Costs are often more significant than traditional investments.
- Market Risks: Real estate cycles are unpredictable, impacting income and principal.
If a financial advisor recommends alternatives that do not align with your needs and circumstances, such advice may be deemed inappropriate or even negligent.
What Should Investors Do Now?
Haselkorn & Thibaut is currently reviewing investor accounts and complaints relating to Roger Allen Barnett II, LPL Financial LLC, and similar cases involving unsuitable REIT or alternative investment recommendations. If you experienced unexpected losses, questionable recommendations, or feel your investments were not appropriately explained, now is the time to act.
Your Next Steps:
- Review your account statements for unexplained losses, high-fee products, or complex alternative investments.
- Ask your advisor for written explanations outlining their recommendations and how these fit your risk profile.
- Consider a second opinion from an independent law firm experienced in FINRA arbitrations and investment recovery.
- Document any verbal and written communications you had with your advisor regarding disputed investments.
Why Consult Haselkorn & Thibaut?
Haselkorn & Thibaut is a national investment fraud law firm with over 50 years of combined experience, a 98% success rate, and millions of dollars recovered for clients. You pay no legal fees unless you recover funds—no recovery, no fee. Their experience in securities arbitration allows them to provide effective representation for investors nationwide.
Contact Haselkorn & Thibaut for a free, confidential consultation at 1-888-885-7162. There is no obligation, and your privacy will be strictly maintained.
Conclusion: Stay Informed and Protect Your Investments
It is always prudent to routinely review the FINRA BrokerCheck report and consult professionals if you detect issues or have experienced losses. With Haselkorn & Thibaut currently investigating Roger Allen Barnett II of LPL Financial LLC (Brentwood, TN), you have access to seasoned professionals who can review your account, explain your options, and—if appropriate—guide you through the FINRA arbitration process for recovery.
If you have questions about any of your investments or believe you have suffered unnecessary losses, reach out for your free, no-obligation consultation today: 1-888-885-7162. Your financial future deserves this attention.
