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David Baum Of Lifemark Securities Corp. And Formerly With Pruco Securities, LLC Has 2 Customer Complaints For Alleged Broker Misconduct

Who is David Baum of Lifemark Securities Corp.?

David Baum

David Baum (CRD #4132693) who is currently registered as a broker and investment adviser with Lifemark Securities Corp. and located in Pearl River, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Lifemark Securities Corp., David Baum was associated with Pruco Securities, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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David Baum Customer Complaints

David Baum has been the subject of 2 customer complaints that we know about seeking to recover investment losses. Both customer complaints were denied by David Baum’s former employers and, to date, the customers have not taken any further action.

Allegations Against David Baum

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • The customer was misled about the fees of a variable annuity contract.
  • The representative failed to disclose all the facts regarding a brokerage account.
  • Advisor represented customer’s investment with double and 5 years without any reasonable basis.
  • Failure to disclose absence of spousal income rider to annuity contract which was a material consideration for investment.

David Baum Red Flags & Your Rights As An Investor

Of course, David Baum 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 David Baum at Lifemark Securities Corp. and Pruco Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether David Baumhas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Lifemark Securities Corp. and Pruco Securities, LLC also raises questions about the brokerage firms’ 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?

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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 Lifemark Securities Corp. Due To David Baum

If you have questions about Lifemark Securities Corp., Pruco Securities, LLC and/or David Baum 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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