Were you the victim of investment losses due to recommendations by LPL Financial LLC and Excel Wealth Management, LLC broker Edward Baroncini (CRD# 3043354)? He has been registered with LPL Financial LLP in Manchester, Connecticut, since 2014, and with Excel Wealth Management, LLC in Manchester, Connecticut, since 2019.
Edward Baroncini Customer Complaints
He has been the subject of nine customer complaints between 2023 and 2024, according to his CRD report:
February 2024. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period December 2019 to February 2021.” The customer sought $78,235 in damages, and the case was settled for $68,500. The complaint was regarding exchange traded funds (ETFs), and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
November 2023. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period 2020-2023.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding ETFs and common and preferred stocks, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
November 2023. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period May 2019 to November 2022.” The customer is seeking $372,000 in damages, and the case is currently pending. The complaint was regarding ETFs and common and preferred stocks, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
November 2023. “Customers alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period January 2021 to August 2022.” The customer is seeking $215,000 in damages, and the case is currently pending. The complaint was regarding ETFs and common and preferred stocks, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
November 2023. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period unspecified.” The customer is seeking $77,000 in damages, and the case is currently pending. The complaint was regarding ETFs and common and preferred stocks, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
November 2023. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period March 2021 to March 2023.” The customer is seeking $118,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks and exchange-traded funds, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
October 2023. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period April 2019 to October 2023.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding ETFs and common and preferred stocks, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
September 2023. “Customer alleges that representative failed to supervise another investment adviser under his management who allegedly employed an unsuitable trading strategy. Time period September 2019 to August 2023.” The customer is seeking $270,000 in damages, and the case is currently pending. The complaint was regarding ETFs and common and preferred stocks, and it took place while he was registered with LPL Financial LLC and Excel Wealth Management, LLC.
May 2023. “Customers allege that investments made during the period April 2019 to December 2022 were inappropriate for the customers’ investment objectives and risk tolerance.” The customer sought $515,000 in damages, and the case was settled for $450,000. The complaint was regarding common and preferred stocks, oil and gas investments, penny stocks, and ETFs, and it took place while he was registered with LPL Financial LLC.
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, LPL Financial LLC and Excel Wealth Management, LLC may be liable for investment or other losses suffered by Edward Baroncini’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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