Advisor Alert: Our Attorneys Are Investigating Keith Craig Baron For Investment Fraud
Did You Lose Money Because of Keith Baron?
Filed: March 14, 2024
Keith Baron currently has one (1) pending regulatory event. Overall, he has been the subject of two (2) regulatory events, one (1) termination event, two (2) financial events, and six (6) 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 Keith Craig Baron.
Who Is Keith Craig Baron?
- Advisor Name: Keith Craig Baron
- Aliases: Keith Baron
- CRD: 3231494
- Location: Jericho, New York
- Current Employer: Currently Not Registered
- Previous Firms: Equity Services, Inc., Park Avenue Securities LLC, and NYLife Securities LLC
- Number of Known Customer Complaints: 6
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 1
- Number of Known Financial Events: 2
- Can Keith Baron Be Sued: Yes, in Private Arbitration
- Can Keith Baron’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $521,500
- Highest Settlement: $175,000
If you have suffered investment losses by Keith Baron, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud 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 Keith Baron For Broker Misconduct
As of this publication date, Keith Baron has been the subject of 2 regulatory events, 1 termination event, 2 financial events, and 6 customer disputes. Let’s review them below.
In December 2023, FINRA initiated a regulatory action against or in reference to Keith Baron for allegedly making material misrepresentations to investors, who are a married senior couple, in connection with his recommendation of Company A’s stock. As of this publication date, this action remains pending.
In November 2022, a FINRA arbitration was filed against or in reference to Keith Baron by a customer of Equity Services, Inc. alleging that Mr. Baron acted as a securities broker for NAEG to solicit investments for the sole purpose of misappropriating investor money. On July 27, 2023, Mr. Baron settled the claim for $175,000, and some or all of this amount may have been paid by Mr. Baron’s employer and/or insurance carrier.
In July 2019, a complaint was filed against or in reference to Keith Baron by a customer of Equity Services, Inc. alleging that Mr. Baron engaged in fraud to move assets from annuity and life insurance products into another investment alleged to be sponsored by Prudential. Per the customer, he/she lost over $425,000 because of Mr. Baron’s actions. On January 31, 2012, Mr. Baron settled the claim.
In February 2017, JP Morgan Chase reported that Mr. Baron had outstanding debt totaling $12,183.79. Mr. Baron settled this matter in the amount of $4,273.82.
In December 2016, Citibank reported that Mr. Baron had outstanding debt totaling $21,521.81. Mr. Baron settled this matter in the amount of $4,500.
In March 2014, a complaint was filed against or in reference to Keith Baron by a customer of NYLife Securities LLC alleging that the client’s options were not clearly explained to him and that he was required to purchase a traditional whole life insurance within his 401k plan on or around January 2011. The customer also alleges that it was his understanding after completing the investor profile questionnaire that the funds would be invested in a periodic investment plan, however his investment defaulted to a money market fund earning very little interest. The customer further alleges he purchased universal life insurance and have since discovered there are surrender charges and penalties associated with this policy. On June 24, 2014, Mr. Baron settled the claim for $68,124.24, and some or all of this amount may have been paid by Mr. Baron’s employer and/or insurance carrier.
In January 2014, FINRA initiated a regulatory action against or in reference to Keith Baron. FINRA by-laws article V, section 2(c), FINRA rules 1122, 2010: Baron was served with the complaint in a lawsuit and was named as a defendant in the lawsuit. However, baron failed to amend his form u4 to timely disclose the lawsuit, and made a material misrepresentation of fact to his member firm.
In October 2012, a complaint was filed against or in reference to Keith Baron by a customer of NYLife Securities LLC alleging that Mr. Baron misrepresented the fees associated with the variable annuity policy that the client purchased in March 2011. The customer was unaware that he would incur surrender charges when withdrawing funds from the policy. Per the customer, he lost over $10,000 because of Mr. Baron’s actions. On October 4, 2012, Mr. Baron settled the claim for $2,500, and some or all of this amount may have been paid by Mr. Baron’s employer and/or insurance carrier.
In September 2011, Keith Baron was permitted to resign from NYLife Securities LLC after the company initiated an internal review. The review was initiated based on an inquiry from an attorney, representing a New York life customer, about the transfer of real property to Mr. Baron. The company was also reviewing whether Mr. Baron recommended unsuitable insurance products.
In March 2010, a complaint was filed against or in reference to Keith Baron by multiple customers of S. G. Martin Securities LLC alleged that between February 2005 and August 2007 they invested in Native American Energy Group (“naeg”), but never received any stock certificates for their investments. The clients allege that they have been the victims of an investment scheme and do not have any actual knowledge of what security they really own. Per the customers, they lost over $521,500 because of Mr. Baron’s actions. On January 31, 2012, Mr. Baron settled the claim.
In June 2007, a complaint was filed against or in reference to Keith Baron by a customer of S. G. Martin Securities LLC alleging poor performance in stock recommendations made by Mr. Baron based upon his expectations.
How To File A Claim Against Keith Baron (previously with Equity Services, Inc., Park Avenue Securities LLC, and NYLife Securities LLC) To Get Your Money Back
If you have questions about Keith Baron, Equity Services, Inc., Park Avenue Securities LLC, NYLife Securities LLC, 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.