James Baroutas Discloses Allegations Of Unauthorized Trading

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.

James Baroutas Discloses Unauthorized Trading Allegations By B. Riley Wealth Management Client

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.

SBC Warburg Dillon Read Inc. Investor Accuses Baroutas Of Breach Of Fiduciary Duty

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.

James Baroutas Discloses Unsuitable Recommendations Allegations By Client

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.

Baroutas Employment Information

• Baroutas has worked for B Riley Wealth Management in New York, NY, as a securities broker since January 20, 2015.
• Baroutas has worked for B. Riley Wealth Advisors Inc. in New York, NY, as a financial advisor since July 25, 2022.

Did B. Riley Wealth Management Securities Broker James Baroutas Cause You To Experience Damages?

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.