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Investor Alert: Advisory Group Equity Services Ltd. Broker Ronald Birnbaum

Posted on Tuesday, September 15th, 2020 at 7:10 pm    

Ronald Birnbaum

Did you lose money investing with Advisory Group Equity Services Ltd. broker Ronald Birnbaum (CRD# 2382580)? Birnbaum has been registered with Advisory Group Equity Services Ltd. in Newton, Massachusetts since 2001. 

Birnbaum has been the subject of six customer complaints between 2013 and 2020, according to his CRD report:

May 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. 

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.

January 2013. “Unsuitable investment.” The case was settled for $45,000. The complaint was regarding direct investments. 

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 and 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.