Did you lose money investing with Advisory Group Equity Services Ltd. broker Ronald Birnbaum (CRD# 2382580)? He was registered with Advisory Group Equity Services Ltd. in Newton, Massachusetts, from 2001 to 2021. 

Ronald Birnbaum Customer Complaints

He has been the subject of seven customer complaints between 2013 and 2022, according to his CRD report:

October 2022. “Client, through their attorneys, asserts statutory and common-law claims for alleged unsuitable investments resulting in investment losses.” The customer is seeking $455,453.83 in damages. The complaint was regarding direct investment losses, and it took place while he was registered with Ages Financial Services, Ltd.

May 2020. “Failure to provide suitable due diligence, over concentration, suitability.” The customer sought $200,000 in damages, and the case was settled for $47,000. The complaint was regarding direct investments. 

April 2020. “Failure to provide suitable due diligence, over concentration, suitability.” The customer is seeking $75,000 in damages, and the case is currently pending. The complaint was regarding direct investments and interval funds.

March 2020. “Failure to provide suitable due diligence, over concentration, suitability.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding direct investments. 

March 2017. “In 2009 [REDACTED] invested in a private placement corporate bond. The reinsurer went bankrupt in the financial crisis.” The customer is seeking $141,850 in damages, and the case is currently pending. The complaint was regarding corporate debt.

March 2016. “Unsuitable investments, lack of supervision, breach of fiduciary responsibility.” The case was settled for $50,000. The complaint was regarding oil and gas investments, real estate securities, and TIC.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Advisory Group Equity Services Ltd. may be liable for investment or other losses suffered by Birnbaum’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.