FINRA

Respondent Barancyk failed to respond to FINRA requests for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

9/19/2022

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated June 15, 2022 and July 11, 2022, respectively, on September 19, 2022, Barancyk is barred from association with any FINRA member in all capacities. Barancyk failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

Great Point Capital, LLC

Discharged

Failed to provide required information for a FINRA inquiry.

Claimants allege their financial adviser recommended investments that were unsuitable for them. Claimants generally allege unsuitability, breach of fiduciary duty, breach of contract, and negligence.

$260,000.00

Claimant alleges that she was recommended to invest in unsuitable alternative investment.

$259,330.00

Claimants generally allege negligence, misrepresentation, failure to supervise, and breach of contract.

$500,000.00

Claimant generally alleges suitability, misrepresentation, respondeat superior, and failure to supervise.

$53,000.00

$27,500.00

Claimants allege former registered representative recommended unsuitable alternative investments and REITs.

$100,000.00

$10,000.00

Claimant alleges former registered representative recommended unsuitable alternative investments and REITs.

$500,000.00

$85,000.00

Claimants allege former registered representative recommended unsuitable alternative investments and REITs.

$200,000.00

$50,000.00

Claimant alleges that her financial advisor recommended unsuitable investments and failed to properly diversify her portfolio. Claimant generally alleges breach of duties and contract and failure to supervise.

$250,000.00

Claimant alleges that her financial advisor recommended unsuitable investments and failed to properly diversify her portfolio. Claimant generally alleges breach of duties and contract and failure to supervise.

$250,000.00

$37,500.00

FINRA

Respondent Barancyk failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

letter

Suspension

all capacities

n/a

6/27/2017

6/30/2017

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Barancyk is suspended on June 27, 2017, for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. Suspension lifted on June 30, 2017.

CLIENT ALLEGES REP DID NOT FULFILL PROMISES IN INVESTING HIS ROLLOVER 2008 TO PRESENT

$27,245.00

CLIENT CLAIMS THAT HER REPRESENTATIVES RECOMMENDED SHE TRANSFER THE VARIABLE PORTION OF HER PENSION TO AN IRA WHICH VOIDED HER MONTHLY PENSION BENEFITS.

$60,000.00