What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: August 12, 2015

Arie Baron, a former representative of Leumi, entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). According to his AWC, Baron was accused of effecting 161 discretionary transactions in eight customer accounts without having obtained prior written authorization from the customer and written acceptance of the accounts as discretionary by Leumi, from August 2013 until June 2014. He also forged the signatures of two firm customers on four mutual fund switch letters without the customer’s consent or knowledge between October 2013 and February 2014. For this, he was suspended from association with any FINRA member firm for a period of seven months and fined $15,000.

Baron was registered with Leumi Investment Services Inc. in Palo Alto, California from December 2010 until October 2014. He has one customer dispute against him. He is not currently licensed within the industry. If you lost money with Arie Baron, his former firm, Leumi Investment Services, may be held liable for financial losses, as they had a duty to properly supervise him while he was employed with them. Please call Stoltmann Law Offices at 312-332-4200 to speak with an attorney. The call is free with no obligation. We are based in Chicago, Illinois.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys