(Source: PrimeNewswire)
BOCA RATON, Fla., July 2, 2009 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com, announced today that it filed an arbitration claim with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution against Questar Capital Corp. ("Questar"), for unsuitable investment recommendations and misrepresentations made by former Questar financial advisor Terry Barnhardt. Specifically, the Claimant has alleged that Mr. Barnhardt over-concentrated his account in securities that had exposure to the real estate market. Moreover, the Claimant has alleged that Mr. Barnhardt "guaranteed" these investments. However, it is a violation of NASD Rules for a broker to "guarantee" an investment. As a result of Mr. Barnhardt's unsuitable advice and misrepresentations, the Claimant sustained damages in excess of $400,000.
Presently, K&T is investigating Questar and Terry Barnhardt with regard to the investment advice Mr. Barnhardt provided to his customers, and the representations he made regarding the performance of these investments. Specifically, K&T has received numerous calls from BellSouth n/k/a AT&T (NYSE: T) employees who held investment accounts with Mr. Barnhardt. These employees have also stated that Mr. Barnhardt "guaranteed" certain investments that he recommended to them. Accordingly, K&T is interested in speaking with former or current BellSouth n/k/a AT&T employees who held accounts with Terry Barnhardt and Questar.
The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have information relevant to our investigation, please contact Steven D. Toskes or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at http://www.nasd-law.com.
This news release was distributed by GlobeNewswire, www.globenewswire.com
CONTACT: Klayman & Toskes, P.A. Steven D. Toskes, Esquire Jahan K. Manasseh, Esquire 888-997-9956 http://www.nasd-law.com
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