William L. Baumner- Former Buckman, Buckman & Reid Broker-Has Multiple Customer Suits Involving Private Placements-Boca Raton, FL

William L. Baumner- Former Buckman, Buckman & Reid Broker-Has Multiple Customer Suits Involving Private Placements-Boca Raton, FL

William L. Baumner- Former Buckman, Buckman & Reid Broker-Has Multiple Customer Suits Involving Private Placements-Boca Raton, FL 150 150 Robert Rex, Esq.

William L. Baumner Investigation

August 2022-Boca Raton, Florida

According to FINRA records,  William L. Baumner, IV ,   a previously registered stockbroker who last worked for Tradespot Markets and  Buckman, Buckman & Reid   discloses  a currently pending customer dispute. In addition he discloses 13 prior finalized customer disputes, a termination from employment and  2 outstanding judgment/liens.

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.

A customer  while Baumner was employed at Invest Financial Corp. has filed a complaint in Palm Beach County Circuit Court alleging misrepresentation of material facts, insider trading and fraud. No specific amount of damages is alleged. Case # 502010CA017971.

Prior customer suits by customers of Buckman, Buckman and Reid, settled by cash payments, include the following:

  • FINRA Case 20-1484- alleged unsuitable investment recommendations, breach of regulatory requirements. Settled for $10,000.
  • FINRA Case 20-1461- alleged unsuitable investment recommendations, breach of regulatory requirements related to purchase of private placements. Settled for $13,000.
  • FINRA Case 20-1007- alleged negligence and breach of fiduciary duty related to purchase of private placements. Settled for $625,000.
  • FINRA Case 19-712- alleged unsuitability, high pressure sales, failure to disclose risks and breach of fiduciary duty related to purchase of private placements. Settled for $50,000.

Baumner discloses two outstanding liens in favor of the IRS and the State of Florida.

Baumner was employed by Buckman, Buckman & Reid from 3/2010-5/2017. In 5/2017 Baumner was discharged for failing to follow firm policy.

Following that Baumner was employed by Tradespot Markets, Inc. in Davie, FL from 4/2019-12/2021. He is not currently registered with any FINRA broker dealer.

If you have questions about an account handled  William Baumner, IV,  call for a no charge consultation.

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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