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DID WILLIAM LOUIS BAUMNER IV CAUSE YOU INVESTMENT LOSSES?

William Louis Baumner IV with Tradespot Markets, Inc.  Has 14 Customer Complaints For Alleged Broker Misconduct

Who is William L. Baumner IV currently with Tradespot Markets, Inc.?

William Baumner (CRD #2298690) who is currently registered with Tradespot Markets, Inc. and located in Davie, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Tradespot Markets, Inc., William Baumner was associated with Buckman, Buckman & Reid, Inc. and 6 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

In April 2019, William Baumner was terminated by Buckman, Buckman and Reid, Inc. For failing to follow the firm’s policy on email correspondence with the client who was threatening legal action. The vast majority of the customer complaints reported against William Baumner arose in connection with his employment at Buckman, Buckman and Reid, Inc.

Buckman, Buckman & Reid Broker Misconduct

In his career, William Baumner has been the subject of 14 customer complaints that we know about to recover investment losses. Seven of William Baumner’s 14 customer complaints were settled in favor of investors. Three of the customer complaints were denied by his former employer, and to date, the customers have not filed any further action. There are currently 3 pending customer complaints filed against William Baumner’s former employer, Buckman, Buckman & Reid, Inc., for investment losses caused by his alleged misconduct.

Allegations Against William Baumner

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

  • Unsuitable recommendations related to a private placement, investment.
  • Unsuitable recommendations relating to common and preferred stock transactions.
  • Claimant alleged misrepresentation, breach of fiduciary duty, negligence, and fraud.
  • Claimants allege unsuitable investment recommendations, breach of regulatory requirements, breach of fiduciary duty, breach of contract, negligence, and gross negligence relating to private placement investments.
  • Claimant alleged unsuitable investment recommendations, breach of fiduciary duty, failure to disclose risks and high pressure sales relating to private placement investment caused investment losses.

William Baumner Red Flags & Your Rights As An Investor

Of course, William Baumner 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 William Baumner at Tradespot Markets, Inc. and Buckman, Buckman & Reid, Inc. on alert to review carefully the activity and performance of their accounts and question whether William Baumner has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Buckman, Buckman & Reid, Inc. about William Baumner also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Tradespot Markets, Inc. And Buckman, Buckman & Reid, Inc.

If you have questions about Tradespot Markets, Inc., Buckman, Buckman & Reid, Inc. and/or William Baumner 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 has been a trial attorney for more than 40 years and is the founding partner of The Law Offices of Robert Wayne Pearce. You can learn more about Robert and his accomplishments by clicking here.

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