Investigation of THOMAS BAUMANN of Spartan Capital Securities

Israels & Neuman, PLC

Thomas Baumann, Formerly with Spartan Capital Securities, Subject of FINRA Investigation

NEW YORK, NY

Are you a former client of Thomas Baumann, a financial advisor who previously worked with Spartan Capital Securities in New York? FINRA has been investigating Mr. Baumann, for excessively trading or churning customers’ accounts. FINRA alleged that this type of trading was “unsuitable” for his clients.

Thomas Baumann has been licensed in the securities industry since 2007. He was a representative of Spartan Capital Securities from January 2013 to March 2022. He has also with a number of other firms between 2007 and 2013, all of which are no longer registered as brokerage firms with FINRA. Baumann worked in Spartan Capital’s office in New York City. Baumann has also been the subject of six customer complaints and six tax liens.

Spartan Capital Securities is a securities brokerage firm and FINRA member. Securities brokerage firms are required to sufficiently supervise its brokers, pursuant to FINRA Rule 3110. If brokerage firms like Spartan Capital Securities or SW Financial fail to follow these rules, they could be liable for investor losses.

The securities arbitration and investment fraud law firm of Israels & Neuman represents investors throughout the country. We have recovered millions of dollars for investors in the past against many brokerage firms.

View BrokerCheck Report: Baumann, t BrokerCheck 4.25.22

If you lost money with Thomas Baumann or Spartan Capital Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

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