Securities Arbitration Lawyers BlogNew York Broker John Labarca Permanently Barred from the Securities Industry
24-year career ends amid allegations of breach of fiduciary duty and negligence
Allegations made against John Labarca, a broker that was formerly employed by National Securities Corporation in New Jersey, include executing unauthorized transactions, breach of fiduciary duty and acting negligently.
FINRA requested that he provide information and documentation in connection with their investigation of the allegations made against him, but Labarca refused to respond or cooperate with the request. As a result, he was permanently barred from the industry.