DID JOSHUA LOFTON BAKER CAUSE YOU INVESTMENT LOSSES?
Joshua Baker Formerly with OneAmerica Securities, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Joshua Baker formerly with OneAmerica Securities, Inc.?
Joshua Baker (CRD #5230762) has amassed a substantial background in the securities industry, albeit he is not currently registered as a broker. Over the span of his career, Baker has been associated with several firms. Starting with Northwestern Mutual Investment Services, LLC from July 2010 to June 2017 in Hoover, AL, he then transitioned to MML Investors Services, LLC, where he worked from June 2017 to December 2023, and most recently, OneAmerica Securities, Inc. from March 2024 to April 2024. He has passed two general industry/product exams, specifically the Securities Industry Essentials Examination and the Investment Company Products/Variable Contracts Representative Examination, and one multi-state securities law exam, the Uniform Securities Agent State Law Examination.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joshua Baker Customer Complaints and Reviews
Joshua L. Baker’s professional record includes several notable disclosures:
- Customer Disputes (2 instances):
- 1. In a complaint filed on September 8, 2023, with a final settlement on February 6, 2024, a customer alleged misrepresentation concerning a Variable Annuity and issues related to an inadequately managed Wrap Account initiated in January 2021. The dispute was settled for $20,000, although Baker did not personally contribute to the settlement.
- 2. Another complaint, filed on September 13, 2023, involved allegations of material misrepresentations in the sale of Whole Life Insurance and Variable Annuities, including falsified signatures. This was settled on March 27, 2024, for $450,000, with no financial contribution from Baker.
- Termination (1 instance):
- Baker voluntarily resigned from MML Investors Services, LLC on November 7, 2023, subsequent to allegations of sales practice violations related to Whole Life Insurance and Variable Annuities.
Allegations Against Joshua Baker
- Allegation in Customer Dispute (September 8, 2023): Misrepresen-tation of a Variable Annuity and issues with a Managed/Wrap Account, resulting in a $20,000 settlement.
- Allegation in Customer Dispute (September 13, 2023): Misrepresen-tation and falsification in sales of Whole Life Insurance and Variable Annuities, settled for $450,000.
- Termination Allegations (November 7, 2023): Sales practice violations relating to Whole Life Insurance and Variable Annuities led to voluntary resignation.
Joshua Baker Red Flags & Your Rights As An Investor
Of course, Joshua Baker 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 Joshua Baker at OneAmerica Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Joshua Baker has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at OneAmerica Securities, Inc. 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 OneAmerica Securities, Inc. Due To Joshua Baker
If you have questions about OneAmerica Securities, Inc. and/or Joshua Baker 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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