Brentwood, TN – December 6, 2025 – Roger Allen Barnett II (CRD# 1209301), a broker registered with LPL Financial LLC in Brentwood, Tennessee, has a pending customer complaint on his FINRA BrokerCheck record. The complaint involves a FINRA arbitration case alleging that REIT investments made in 2016 were unsuitable for the customer’s investment objectives and risk tolerance. This article provides factual information from publicly available FINRA records to help investors understand their rights and options for recovering investment losses.
BrokerCheck Snapshot
Name: Roger Allen Barnett II
CRD #: 1209301
Firm: LPL Financial LLC
Location: Brentwood, TN
Years in Industry: 42
Number of Disclosures: 1
Customer Complaint Against Roger Allen Barnett II
According to FINRA BrokerCheck records, Roger Allen Barnett II has one pending customer complaint:
Complaint 1: Pending FINRA Arbitration (2025)
Date Notice/Process Served: August 12, 2025
Status: Pending Arbitration
Nature of Complaint: Customer alleges that investments made in 2016 were unsuitable for the customer’s investment objectives and risk tolerance.
Products Involved:
- REIT (Real Estate Investment Trust)
Alleged Damages: $125,000
Arbitration Forum: FINRA
Case Number: 25-01672
Employing Firm When Activities Occurred: The O.N. Equity Sales Company (CRD 2936)
Current Employing Firm: LPL Financial LLC
Broker Statement: Mr. Barnett denies all allegations.
Investors who experience unsuitable investment recommendations involving REITs may be entitled to pursue recovery through FINRA arbitration. REITs can be illiquid investments with significant risks, and brokers have an obligation to ensure that such investments align with a client’s risk tolerance, investment timeline, and overall financial objectives. Failure to conduct proper suitability analysis may constitute broker misconduct.
Pattern of Complaints / Risk Factors
While each case is unique, complaints of this type may indicate concerns related to unsuitable investment recommendations, inadequate risk disclosures regarding illiquid investments, or failure to conduct proper due diligence on investment products. Real Estate Investment Trusts, particularly non-traded REITs, often have limited liquidity and may not be appropriate for all investors. Investors who purchased REIT products should carefully review account statements and seek legal guidance if similar issues occurred in their accounts.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk investments may have legal recourse through FINRA arbitration or securities litigation. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
If you have concerns about unsuitable recommendations, REIT losses, or broker misconduct involving Roger Allen Barnett II or LPL Financial LLC, contact Patil Law, P.C. at 800-950-6553 or info@patillaw.com for a free case evaluation.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. FINRA arbitration is the primary forum for resolving disputes between investors and brokers or brokerage firms.
Related Brokers and Firms
Investors who have concerns about LPL Financial advisors may wish to review other brokers at the firm or similar allegations at other brokerage firms. Additionally, if your losses involved REIT investments, unsuitable investment recommendations, or inadequate risk disclosures, our firm has extensive experience handling these types of cases nationwide.
Frequently Asked Questions
Q1: What is the complaint against Roger Allen Barnett II?
The complaint alleges that Roger Allen Barnett II recommended REIT investments in 2016 that were unsuitable for the customer’s investment objectives and risk tolerance. The customer has filed a FINRA arbitration claim seeking $125,000 in damages. Mr. Barnett denies all allegations, and the matter is currently pending arbitration.
Q2: Can investors recover losses involving LPL Financial LLC?
Yes. Investors who suffered losses due to broker misconduct, unsuitable recommendations, or inadequate disclosure at LPL Financial LLC may be entitled to recover damages through FINRA arbitration. Securities laws require brokers to recommend only those investments that are suitable for their clients based on the client’s financial situation, investment experience, risk tolerance, and investment objectives. An experienced securities attorney can evaluate your claim and explain your recovery options.
Q3: What is FINRA arbitration?
FINRA arbitration is a dispute resolution process administered by the Financial Industry Regulatory Authority. It is designed to resolve investment-related disputes between investors and brokers or brokerage firms. The process is typically faster and less expensive than going to court. A panel of arbitrators reviews evidence and renders a binding decision. Most cases settle before reaching a final hearing.
Q4: What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s financial situation, investment objectives, risk tolerance, or time horizon. Brokers have a legal obligation to recommend investments that are suitable for their clients. REITs, particularly non-traded REITs, may be unsuitable for investors who need liquidity, have conservative risk profiles, or do not understand the risks and illiquid nature of these investments.
Q5: How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org. You can search by the broker’s name or CRD number. The report will display the broker’s employment history, professional qualifications, registrations, and any disclosure events such as customer complaints, regulatory actions, or criminal history. Reviewing a broker’s BrokerCheck record is an essential step before investing.
Q6: What should I do if I suspect broker misconduct?
If you suspect misconduct, take the following steps: (1) Document all account statements, trade confirmations, and communications with your broker; (2) File a written complaint with the brokerage firm’s compliance department; (3) Report the issue to FINRA or your state securities regulator; (4) Consult with a securities attorney who can evaluate whether you have grounds for a FINRA arbitration claim. Time limits apply, so it is important to act promptly.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law, P.C.
If you lost money investing with Roger Allen Barnett II or any broker at LPL Financial LLC, contact Patil Law, P.C. today for a free, no-obligation consultation. Our experienced securities attorneys will review your case and explain your legal options.
Call: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
We represent investors nationwide on a contingency fee basis. You pay nothing unless we recover money for you.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
