Barry Hartwyk Disciplined for Unauthorized Use of Discretion

Attorney Advising Disclaimer

FINRA fined and suspended former RBC Capital Markets, LLC (Long Beach, CA) broker Barry John Hartwyk for exercising discretion without written authorization over 200 times in multiple customer accounts.

According to AWC #2018060409301, RBC Capital's Barry Hartwyk (CRD #1527583) completed 208 trades in eight customer accounts through unauthorized use of discretion.

RBC Capital did not accept or approve Hartwyk's exercise of discretion and the firm terminated Hartwyk in October 2018, citing violation of firm policy related to time and price discretion, front running, and order execution.

According to Hartwyk's BrokerCheck file, the ex-RBC broker settled a pair of customer disputes in 2004 alleging misrepresentation and omission, unsuitability, over-concentration, churning, breach of fiduciary duty, breach of contract, and negligence.

Although Hartwyk's registration with RBC Capital Markets terminated in late 2018, his BrokerCheck file indicates that Barry Hartwyk is employed by City National Bank of Long Beach, California, having begun that job in 2018.

If you have invested with ex-RBC Capital Markets broker Barry John Hartwyk in Southern California or with any financial adviser or registered representative who engaged in discretion without proper written authorization or who executed trades in your account without permission or in contravention of firm policy, and such unauthorized transactions or unsuitable sales have proven harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

Related Posts
  • Best Interest Rule Violation Cited in Unsuitable REIT Recommendation and Overconcentration Read More
  • Stifel Nicolaus Facing Massive Controversy, $24.5 Million Damages Claims, Over Unsuitable Structured Product Sales Read More
  • Failed Bank First Republic Accused of Issuing Shares Shortly Before Going Bankrupt, Resulting in Multi-Million Dollar Losses Read More