There are options for clients of former SW Financial broker Eric Baron (CRD# 2758724) who suffered investment losses. He was registered with the following brokerage firms;
- Network 1 Financial Securities Inc. in Hauppauge, New York, from 2022 to 2013
- Spartan Capital Securities, LLC in Garden City, New York, from 2019 to 2022
- SW Financial in Melville, New York, from 2015 to 2019
- Laidlaw & Company (Uk) Ltd. in Melville, New York, from 2014 to 2015
- Blackbook Capital LLC in Hillside, New Jersey, from 2012 to 2014
- C.K. Cooper & Company, Inc. in Melville, New York, from October to November 2012
- Global Arena Capital Corp in Melville, New York, from January to September 2012
- Rockwell Global Capital LLC in Port Jefferson, New York, from 2010 to 2012
He was previously terminated from Cardinal Capital Management in September 2003 related to the following allegations: “branch manager alleges that on 9/22/2003 rep stole private client information and lead cards while the manager was out sick.”
Eric Baron Customer Complaints
He has been the subject of five customer complaints between 1999 and 2023, according to his CRD report. The most recent complaints were regarding:
March 2023. “Unsuitability, excessive trading/commissions, unauthorized trading, negligence.” The customer is seeking $156,127 in damages, and the case is currently pending. The complaint was regarding equity OTC and common and preferred stocks, and it took place while he was registered with SW Financial.
October 2019. “Claimant alleges excessive trading and unsuitable transactions, negligence, breach of contract and fiduciary duty. Alleged activities were performed between August 2018 and October 2018.” The customer sought $165,000 in damages, and the case was settled for $39,998. The complaint was regarding common and preferred stocks, and it took place while he was registered with SW Financial.
April 2018. “Churning, negligence, unsuitability, unauthorized trading, breach of contract.” The customer sought $55,048 in damages, and the case was settled for $14,999. The complaint was regarding common and preferred stocks, and it took place while he was registered with SW Financial.
April 2017. “Churning, Unsuitable investments.” The customer sought $29,389 in damages, and the case was settled for $2,000. The complaint was regarding common and preferred stocks, and it took place while he was registered with Blackbook Capitall.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, SW Financial may be liable for investment or other losses suffered by Eric Baron’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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