Arkadios Capital broker Thomas Baer (CRD# 1663820) is accused of structured note losses. He has been registered with Arkadios Capital in Erie, Pennsylvania, since 2022. He was registered with Kalos Management and Kalos Capital, Inc. in Erie, Pennsylvania, from 2018 to 2022, and Madison Avenue Securities, LLC in Erie, Pennsylvania, from 2009 to 2018.
In May 2009, The Insurance Commissioner Of The Commonwealth Of Pennsylvania sanctioned him to pay a $10,000 civil and administrative penalty following allegations regarding, “insurance commissioner found that Thomas Baer sold 31 insurance policies to 14 customers, where signatures indicated a sale in the state of Ohio, when in fact, the customers lived, signed and purchased the policies in Pennsylvania.”
Thomas Baer Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2024. “Unsuitable products/recommendation: Structured Income Notes.” The case is currently pending. The complaint was regarding structured income notes, and it took place while he was registered with Arkadios Capital.
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, Arkadios Capital may be liable for investment or other losses suffered by Thomas Baer’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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