Advisor Alert: Our Attorneys Are Investigating Eric Scott Baron For Investment Fraud
Did You Lose Money Because of Eric Baron?
Filed: January 16, 2024
Eric Scott Baron currently has one (1) pending customer complaint and one (1) pending judgment/lien event. Overall, he has been the subject of one (1) termination event, one (1) judgment/lien event, and five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Eric Scott Baron.
Who Is Eric Scott Baron?
- Advisor Name: Eric Scott Baron
- Aliases: Eric Scott Baron Sr.
- CRD: 2758724
- Location: Hauppauge, New York
- Current Employer: Currently Not Registered
- Previous Firms: Network 1 Financial Securities Inc., Spartan Capital Securities, LLC, and SW Financial
- Number of Known Customer Complaints: 5
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 1
- Can Eric Baron Be Sued: Yes, in Private Arbitration
- Can Eric Baron’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $165,000
- Highest Settlement: $39,998
If you have suffered investment losses by Eric Baron, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Eric Baron For Broker Misconduct
As of this publication date, Eric Baron has been the subject of 1 termination event, 1 judgment/lien event, and 5 customer disputes. Let’s review them below.
In March 2023, a FINRA arbitration was filed against or in reference to Eric Baron by a customer of SW Financial alleging unsuitability, excessive trading/commissions, unauthorized trading, and negligence. Per the customer, he/she lost over $156,127 because of Mr. Baron’s actions. As of this publication date, this complaint remains pending.
In March 2020, Eric Baron was the subject of a civil judgment or lien in the amount of $30,682. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In October 2019, a complaint was filed against or in reference to Eric Baron by a customer of SW Financial alleging excessive trading and unsuitable transactions, negligence, breach of contract and fiduciary duty. Per the customer, he/she lost over $165,000 because of Mr. Baron’s actions. On October 10, 2019, Mr. Baron settled the claim for $39,998, and some or all of this amount may have been paid by Mr. Baron’s employer and/or insurance carrier.
In April 2018, a FINRA arbitration was filed against or in reference to Eric Baron by a customer of SW Financial alleging churning, negligence, unsuitability, unauthorized trading, and breach of contract. Per the customer, he/she lost over $55,048 because of Mr. Baron’s actions. On June 26, 2019, Mr. Baron settled the claim for $14,999.
In April 2017, a FINRA arbitration was filed against or in reference to Eric Baron by a customer of Blackbook Capital alleging churning and unsuitable investments. Per the customer, he/she lost over $29,389 because of Mr. Baron’s actions. On February 1, 2019, Mr. Baron settled the claim for $2,000.
In September 2003, Cardinal Capital Management terminated Eric Baron for allegedly stealing private client information and lead cards while the manager was out sick.
In April 1999, a NASD arbitration was filed against or in reference to Eric Baron by a customer of First Allied Securities, Inc. alleging fraud, unauthorized trading, misrepresentation, failure to execute sell orders and breach of fiduciary duty. Per the customer, he/she lost over $166,098 because of Mr. Baron’s actions. On April 24, 2001, Mr. Baron settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Baron’s employer and/or insurance carrier.
How To File A Claim Against Eric Baron (previously with Network 1 Financial Securities Inc., Spartan Capital Securities, LLC, and SW Financial) To Get Your Money Back.
If you have questions about Eric Baron, Network 1 Financial Securities Inc., Spartan Capital Securities, LLC, SW Financial, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.