Barry George Hartman— Recommending Customers to Invest in Unaffiliated Privately-held Company

Barry George Hartman Allegedly Participated in Private Securities Transactions by Personally Investing Approximately $450,000 in IC and by Recommending that 13 FSC Customers Invest in IC

Barry George Hartman, between 2004 and March 2015, and while associated with FSC, allegedly served on the board of directors of an unaffiliated privately-held company, known only as IC, without providing written notice to the Firm in the form required by FSC, according to the AWC.

Over the same time period, Hartman also participated in private securities transactions by personally investing approximately $450,000 in IC, and by recommending that 13 FSC customers invest in IC and referring them directly to IC to complete their investments, the AWC notes.

George Hartman allegedly served on the board of directors of an unaffiliated privately-held company without providing written notice to his firm, FSC Securities Corporation, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Barry George Hartman Allegedly Failed to Provide Written Notice of Private Securities Transactions, Barred by FINRA from Associating with Any FINRA member

Hartman, between 2004 and March 2015, and while associated with FSC, allegedly served on the board of directors of an unaffiliated privately-held company, known only as IC, without providing written notice to the Firm in the form required by FSC, according to the AWC.

FINRA also found that Hartman allegedly failed to fully disclose several outside business activities to his employer and engaged in selling away, which violated firm policies, according to the AWC.

Hence, by engaging in the aforementioned undisclosed outside business activity, Hartman violated NASD and FINRA Rules, and thus has been barred by FINRA from associating with any FINRA member.

The Peiffer Rosca Wolf Investor Rights Lawyers Working to Help Investors

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of alleged undisclosed outside business activity. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of undisclosed outside business activity may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Barry George Hartman

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.