How to Bring a Claim Against Former Buckman, Buckman & Reid, Inc. Broker William Baumner IV
Posted on Monday, August 12th, 2019 at 2:38 pm
Were you the victim of former Buckman, Buckman & Reid, Inc. broker William Baumner IV (CRD# 2298690) who is alleged to recommend unsuitable investments? Baumner has been registered with Tradespot Markets Inc. in Davie, Florida since April 2019. Previously, Baumner was registered with Buckman, Buckman & Reid, Inc. in Boca Raton, Florida from 2010 to 2019, when he was terminated regarding, “Did not follow firm policy on email correspondence with client.”
Baumner has been the subject of 11 customer complaints between 1998 and 2019, two of which were denied, according to his CRD report. Recent complaints are regarding:
March 2019. “Unsuitable investment, breach of fiduciary duty, failure to disclose risks. high pressure sales May 2014.” The customer is seeking $100,000 in damages and the case is currently pending. This case is regarding private placements.
September 2018. “Unsuitable Investment.” The customer is seeking $10,000 in damages and the case is currently pending. This case is regarding private placements.
July 2018. “Unsuitability for loss in account 2012-2015.” The customer is seeking $5,000 in damages and the case is currently pending. This case is regarding private placements.
September 2017. “Suitability, poor recommendations 2012-2016.” The customer sought $9,700 in damages and the case was settled for $9,831. This case was regarding common and preferred stocks.
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, Buckman, Buckman & Reid, Inc. may be liable for investment or other losses suffered by Baumner’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.