Investors have come forward with complaints about securities broker James Baroutas (CRD: 1252613, New York, NY). Evidently, the securities broker, who worked for B. Riley Wealth Management, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, B. Riley Wealth Management clients allege that Baroutas engaged in unauthorized trading. For more on these disclosures about Baroutas, see below; however, keep in mind that the securities broker denies all allegations of misconduct.
Notably, a client of B. Riley Wealth Management contested James Baroutas’ sales practices by filing FINRA Arbitration: 22-01595 on July 18, 2022. Allegedly, Baroutas engaged in unauthorized trading. Supposedly, Baroutas caused the client to sustain damages. Therefore, the client seeks compensatory relief from B. Riley Wealth Management or Baroutas in the amount of $300,000 in this ongoing matter.
Also, an SBC Warburg Dillon Read Inc. client filed NASD Arbitration: 98-02537 about James Baroutas. Namely, the client alleged that Baroutas acted in breach of fiduciary duty. Because of this, the client allegedly sustained damages. Therefore, on October 20, 1998, SBC Warburg Dillon Read Inc. settled this matter by paying the client $49,500 in damages.
Additionally, a client contested James Baroutas’ sales practices by filing NASD Arbitration: 91-03115. Allegedly, Baroutas made unsuitable recommendations. Supposedly, Baroutas caused the client to sustain damages by investing in direct investments. Therefore, on January 8, 1993, the client received $55,000, according to a settlement.
Have you experienced damages by investing with James Baroutas? You should reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors in the United States, is ready to review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Baroutas and brokerage firms Baroutas worked for deny any and all allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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