Advisor Alert: Our Attorneys Are Investigating Thomas James Baumann For Investment Fraud
Did You Lose Money Because of Thomas Baumann?
Filed: January 16, 2024
Thomas Baumann currently has one (1) pending customer complaint, one (1) pending investigation, and six (6) pending judgment/lien events. Overall, he has been the subject of six (6) customer complaints, one (1) investigation, and six (6) judgment/lien events. 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 Thomas James Baumann.
Who Is Thomas James Baumann?
- Advisor Name: Thomas James Baumann
- Aliases: Thomas Baumann
- CRD: 5254392
- Location: New York, New York
- Current Employer: Currently Not Registered
- Previous Firms: Spartan Capital Securities, LLC, Rockwell Global Capital LLC, and Brookstone Securities, Inc.
- Number of Known Customer Complaints: 6
- Number of Known Investigation Events: 1
- Number of Known Judgment/Lien Events: 6
- Can Thomas Baumann Be Sued: Yes, in Private Arbitration
- Can Thomas Baumann’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $6,645,956
- Highest Settlement: $55,000
If you have suffered investment losses by Thomas Baumann, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Thomas Baumann For Broker Misconduct
As of this publication date, Thomas Baumann has been the subject of 1 investigation, 6 customer disputes and 6 judgment/lien events. Let’s review them below.
In May 2022, a complaint was filed against or in reference to Thomas Baumann by a customer of Spartan Capital Securities, LLC alleging unauthorized trading. Per the customer, he/she lost over $24,000because of Mr. Baumann’s actions. As of this publication date, this claim remains pending.
In March 2022, FINRA initiated an investigation.
In March 2020, a FINRA arbitration was filed against or in reference to Thomas Baumann by a customer of Spartan Capital Securities, LLC alleging unsuitable unauthorized investments, negligence, misrepresentation, breach of contract, and breach of fiduciary duty. Per the customer, he/she lost over $42,013.24 because of Mr. Baumann’s actions. On October 27, 2020, Mr. Baumann settled the claim for $9,999.99.
In January 2020, a FINRA arbitration was filed against or in reference to Thomas Baumann by a customer of Spartan Capital Securities, LLC alleging misrepresentation and unsuitable recommendations. Per the customer, he/she lost over $767,545 because of Mr. Baumann’s actions. On February 22, 2022, Mr. Baumann settled the claim for $18,000, and some or all of this amount may have been paid by Mr. Baumann’s employer and/or insurance carrier.
In September 2018, a FINRA arbitration was filed against or in reference to Thomas Baumann by a customer of Spartan Capital Securities, LLC alleging churning, unsuitable transactions, misrepresentation, and breach of fiduciary duty. Per the customer, he/she lost over $6,645,956 because of Mr. Baumann’s actions. On December 16, 2021, Mr. Baumann settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Baumann’s employer and/or insurance carrier.
In May 2018, Thomas Baumann was the subject of a civil judgment or lien in the amount of $4,654. 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 2017, Thomas Baumann was the subject of a civil judgment or lien in the amount of $94,477. 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 April 2017, Thomas Baumann was the subject of a civil judgment or lien in the amount of $2,339. 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 March 2017, Thomas Baumann was the subject of a civil judgment or lien in the amount of $25,779. 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 2016, a complaint was filed against or in reference to Thomas Baumann by a customer of Spartan Capital Securities, LLC alleging unauthorized use of margin. Per the customer, he/she lost over $30,000.47 because of Mr. Baumann’s actions.
In March 2013, a complaint was filed against or in reference to Thomas Baumann by a customer of Spartan Capital Securities, LLC alleging misrepresentation. Per the customer, he/she lost over $11,244.23 because of Mr. Baumann’s actions.
In March 2012, Thomas Baumann was the subject of a civil judgment or lien in the amount of $56,887. 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 February 2012, Thomas Baumann was the subject of a civil judgment or lien in the amount of $11,463.98. 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.
How To File A Claim Against Thomas Baumann (previously with Spartan Capital Securities, LLC, Rockwell Global Capital LLC, and Brookstone Securities, Inc.) To Get Your Money Back.
If you have questions about Thomas Baumann, Spartan Capital Securities, LLC, Rockwell Global Capital LLC, Brookstone Securities, Inc., 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.