Florida-based Soreide Law Group has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, January, 2015."
Marc Halan Baldinger (CRD #1942349, Jensen Beach, Florida)
was assessed a deferred fine of $10,000, suspended by FINRA for 18 months and ordered to pay $233,000, plus interest, in disgorgement of selling compensation. Allegedly Baldinger participated in private securities transactions for selling compensation without his member firm’s prior written approval.
According to FINRA's findings, Baldinger failed to disclose his management positions with two limited liability companies to his firm, and also failed to disclose his management positions on firm compliance questionnaires.
FINRA stated that Baldinger opened an account with another broker-dealer and did not notify his firm prior to or after opening the account. Also, Baldinger did not disclose his status as a registered representative with another member firm to the executing broker-dealer.
Baldinger suspension is in effect from November 17, 2014, through May 16, 2016. (FINRA Case #2013037765901)
Marc H Baldinger was registered in the securities industry for 22 years and was previously registered with the following securities firm(s):
09/2001 - 12/2012 LPL FINANCIAL LLC (CRD# 6413) - STUART, FL
11/1996 - 09/2001 FISERV INVESTOR SERVICES, INC. (CRD# 34637) - HOUSTON, TX
04/1995 - 12/1996 LINSCO/PRIVATE LEDGER CORP. (CRD# 6413) - BOSTON, MA
01/1994 - 04/1995 AMERICAN EXPRESS FINANCIAL ADVISORS INC. (CRD# 6363) - MINNEAPOLIS, MN
01/1994 - 04/1995 IDS LIFE INSURANCE COMPANY (CRD# 6321) - MINNEAPOLIS, MN
05/1992 - 10/1993 VANGUARD CAPITAL (CRD# 22081) - DEL MAR, CA
08/1989 - 01/1992 PRUDENTIAL SECURITIES INCORPORATED (CRD# 7471) - NEW YORK, NY
FINRA's information ends here.
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