ALEX A BARRON Fined and Suspended by FINRA

ARMANDO ALEJANDRO BARRON (ALEX A BARRON), according to a disclosure on FINRA’s BrokerCheck dated January 8, 2025, has been fined $50,000.00 and suspended from acting as a broker for two years, with a start date of 1/21/2025 and an end date of 1/20/2027.  Barron was previously employed by IRC SECURITIES LLC of New York, NY from 08/15/2011 - 04/11/2023.

Without admitting or denying FINRA’s findings, ALEX A BARRON consented to the sanctions and to the entry of findings that he allegedly failed to provide his member firm adequate prior written notice of his private securities transactions.

FINRA’s findings alleged that ALEX A BARRON participated in private securities transactions by soliciting investors, who were not clients of his firm, to enter into promissory notes with an LLC he owned and controlled. According to the FINRA report, allegedly Barron personally solicited each noteholder and signed each note on behalf of the LLC. All investors in the notes received timely interest payments, and the LLC has repaid all investors' principal.

According to the FINRA report, allegedly ALEX A BARRON partially disclosed his promissory note activity to his firm by amending his previous OBA disclosure concerning the LLC. In that amendment, allegedly Barron provided a copy of the promissory note and wrote that the money from the promissory notes is invested in a specific investment fund managed by the LLC. That disclosure was allegedly incomplete and inaccurate because ALEX A BARRON also used the money for purposes other than investing in that fund, including non-income generating purposes.

FINRA stated that ALEX A BARRON allegedly solicited a total of 14 investors to enter into 30 promissory note transactions totaling $979,500.

FINRA’s findings also alleged that Barron solicited individuals to invest in the promissory notes through communications that failed to comply with FINRA's content standards for communications with the public.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ALEX A BARRON, has been in the securities industry for 16 years and has been listed with 3 firms.  He has 1 disclosure on his FINRA CRD report, the above mentioned “Regulatory” fining and suspending him for two years.

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