brokerwatch

Ronald David Birnbaum | Advisory Group Equity Services 

According to FINRA’s BrokerCheck, Ronald David Birnbaum has been the subject of 6 customer disputes. Allegations included unsuitable investments and breach of fiduciary responsibility.

• May 2020: Customer Dispute – Pending. Amount requested: $200,000. Allegation: “Failure to provide suitable due diligence, over concentration, suitability.”
• April 2020: Customer Dispute – Pending. Amount requested: $75,000. Allegations: “Failure to provide suitable due diligence, over concentration, suitability.”
• March 2020: Customer Dispute – Pending. Amount requested: $200,000. Allegations: “Failure to provide suitable due diligence, over concentration, suitability.”
• March 2017: Customer Dispute – Pending. Amount requested: $141,850. Allegations: Investment in a private placement corporate bond. “The reinsurer went bankrupt in the financial crisis.”
• March 2016: Customer Dispute – Settled. Amount: $50,000. Allegations: “Unsuitable investments, lack of supervision, breach of fiduciary responsibility.”
• January 2013: Customer Dispute – Settled. Amount: 45,000. Allegation: “Unsuitable investment.”

Prior to the Advisory Group Equity Services, Ronald David Birnbaum was registered with Equity Services, Guardian Investor Services Corporation, MML Investor Services, and New England Securities.

If you invested with Ronald David Birnbaum of Advisory Group Equity Services, contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

To review Ronald Birnbaum‘s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/2382580

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Ronald David Birnbaum and the GPB Lawsuit

Multiple lawsuits have been filed and multiple regulatory matters have been initiated, alleging that GPB Capital Holdings has been engaged in wrongdoing.  A former GPB Holdings partner alleged that “GPB paid its investors significant returns based upon falsified financial information”.

Our investigation into the various GPB private placement funds includes, but is not limited to: GPB Automotive Portfolio LP, GPB Cold Storage LP, GPB Eurobond Finance PLC, GPB Holdings II LP, GPB Holdings III LP, GPB Holdings Qualified LP, GPB Holdings LP, GPB NYC Development LP, GPB Scientific LLC, GPB Waste Management LP, GPB Waste Management Fund LP, and many more.

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Based on our experience, we believe that there are more investors who have been the victims Ronald David Birnbaum’s alleged broker misconduct and investment fraud. If you invested with Ronald David Birnbaum of the Advisory Groups Equity Services, you should  contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

Learn more about the GPB Investor Lawsuit here: https://gpblawyer.com/gpb-investor-lawsuit/

Peiffer Wolf and Meyer Wilson are currently investigating Ronald David Birnbaum’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140.