DID EDWARD BARONCINI CAUSE YOU INVESTMENT LOSSES?
Edward Baroncini Of LPL Financial LLC Has 11 Customer Complaints For Alleged Broker Misconduct
About Edward Baroncini of LPL Financial LLC?
Edward Baroncini (CRD #3043354) has a well-documented history in the financial industry. Currently registered with Excel Wealth Management, LLC and LPL Financial LLC in Manchester, Connecticut, Baroncini has been active since his first registration in December 2014. His registration extends across 16 U.S. states and territories. Over the years, Baroncini has passed a total of four exams, including one Principal/Supervisory Exam (General Securities Principal Examination), two General Industry/Product Exams (Securities Industry Essentials Examination and General Securities Representative Examination), and one Multi-State Securities Law Exam (Uniform Combined State Law Examination). His career in the securities industry spans multiple firms, with notable registrations at FSC Securities Corporation from August 2009 to December 2014 before his current engagements.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Edward Baroncini Customer Complaints and Reviews
Edward Baroncini’s report highlights several disclosure events primarily related to customer disputes:
- Customer Disputes (11 instances):
- 1. Several disputes involve allegations of failure to supervise another investment adviser’s trading strategies, leading to unsuitable trading losses for clients. These occurred variously between April 2019 and February 2023, with settlements ranging from tens of thousands to over a hundred thousand dollars, notably without Baroncini’s financial contribution, as the settlements were managed by his broker-dealer to avoid arbitration costs.
- 2. Complaints were resolved with substantial monetary settlements, highlighting a pattern where Baroncini was repeatedly named due to his supervisory role rather than direct wrongdoing, as per the settlements detailed in the disclosures.
Allegations Against Edward Baroncini
- Allegations in Customer Disputes:
- Repeated allegations that Baroncini failed to adequately supervise an investment adviser under his management, which purportedly led to the employment of unsuitable trading strategies harming clients’ investment positions.
- These allegations were settled without Baroncini’s direct financial contribution, indicating a broker-dealer decision to settle to avoid arbitration, despite Baroncini denying any personal wrongdoing in these matters.
Edward Baroncini Red Flags & Your Rights As An Investor
Of course, Edward Baroncini did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Edward Baroncini at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Edward Baroncini has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Edward Baroncini
If you have questions about LPL Financial LLC and/or Edward Baroncini and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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