October 2016-Moon Township, PA
The FINRA records of Gregory R. Bauer, a former stockbroker who most recently was employed by H. Beck, Inc. disclose a final regulatory event and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In recently resolved FINRA Case 2016051501801, Bauer was permanently barred from the securities industry to resolve allegations that he forged the signatures of firm customers, caused the unauthorized sale of securities, intercepted checks in the mail, deposited the checks in his own bank account, and used the funds for his personal expenses without permission. The findings state that Bauer took more than $400,000 from the customers.
In September 2016 Bauer was discharged by H. Beck, Inc. who made the following allegation on Bauer’s FINRA record: “Misappropriated funds of two client accounts at his prior broker dealer Waddell & Reed.”
Bauer was employed by H. Beck, Inc. from 10/2013-9/2016. Prior to that he was employed by Waddell & Reed from 10/2004-10/2013.
If you have losses in an account handled by Gregory R. Bauer, contact us to discuss how you may be able to recover damages for those losses.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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