Investment Advisor Yvette Barrera Named Defendant in Lawsuit Alleging Over $21 Million in Damages for Unregistered Securities Sales

Investment Advisor Representative Yvette Barrra  has recently been named as a defendant in substantial civil lawsuit in Texas alleging over $21 million in damages. The complaint features allegations of recommending unregistered securities and failing to act in clients’ best interests.

If you were a client of Yvette Barrera or Texas Financial Advisory and suffered investment losses, you should contact Iorio Law PLLC for a free, confidential consultation to review your legal rights to potentially recover damages.

Allegations of Misconduct

A customer lawsuit filed in Bexar County, Texas in April 2024 names Yvette Barrera as a defendant (Case No. 2023CI22575). The lawsuit against alleges that Ms. Barrera recommended unregistered securities in the form of promissory notes. The lawsuit further claims that Ms. Barrera failed to disclose commissions and failed to determine if such investments were in the best interests of clients. Ms. Barrera has denied all allegations and intends to seek dismissal from the case.

The practice of selling unregistered, outside investments without notifying one’s employing firm is known as “selling away” or engaging in undisclosed Private Securities Transactions. This activity is a serious violation of industry rules and poses a significant risk to investors, as the investments have not been vetted or approved by the advisory firm.

Yvette Barrera (CRD No. 7306089)

Yvette Barrera began her career in the securities industry in October 2020. She was registered with Texas Financial Advisory (CRD #306413) from October 2020 to December 2024. The multi-million-dollar lawsuit and underlying alleged misconduct occurred during her tenure with this firm. Ms. Barrera is currently registered with Foundations Investment Advisors LLC (CRD #175083) as of January 2025.

Ms. Barrera’s disclosure report lists one pending customer dispute, which is the Texas civil litigation alleging over $21 million in damages.

Ms. Barrera has also disclosed her other business activities, including acting as a sales agent for Magellan Insurance, which is an investment-related firm offering insurance and annuity products to retail clients.

Review her Investment Adviser Public Disclosure Report here: IAPD – Yvette Barrera 

Texas Financial Advisory – A Duty to Supervise

Investment advisory firms, such as Texas Financial Advisory, have a mandatory, non-delegable duty to supervise all activities of their representatives, including all outside business activities and private securities transactions.

In a case involving allegations of unregistered securities sales, such as the $21 million lawsuit against Ms. Barrera, investors may also have a claim against the employer firm. A firm’s failure to reasonably supervise its representatives, or a failure to detect or prevent the sale of unapproved products could render the firm liable for the resulting investor losses. It is the firm’s responsibility to have internal procedures in place to monitor representatives’ activities and conduct to ensure all recommendations to investors are suitable and comply with industry regulations.  

How to Recover Investment Losses or Obtain a Free Consultation

When an investor suffers investment losses due to misconduct by an investment advisor, the investor can file a securities arbitration claim against their advisor or the investment advisory firm in an effort to be compensated.

Iorio Law PLLC is a securities arbitration law firm located in New York, NY. We represent investors nationwide and vigorously pursue FINRA arbitration claims on behalf of investors to recover investment losses.

If you have suffered investment losses related to the conduct of Yvette Barrera or Texas Financial Advisory, contact Iorio Law PLLC for a free and confidential evaluation of your claim.

📞 Call: (646) 330-4624
📧 Email: info@iorio.law
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