Jeffrey Baber (First Standard Financial Company) Involved In Investor Disputes

Soreide Law Group is reviewing potential investor disputes concerning securities broker Jeffrey Allen Baber (CRD#: 1232485, Boca Raton, Florida). Investors allege that Baber made sales practice violations when he worked for National Securities Corporation and First Standard Financial Company. Let’s take a closer look at these disputes.

Baber’s Client At First Standard Financial Company Alleges Unsuitable Trading

It appears that Baber worked for First Standard Financial Company as a securities broker from 2018 to 2019. He was also a financial advisor for First Standard Financial Advisory from 2018 to 2019. Evidently, a client complained about Baber in a March 2021 FINRA Arbitration Claim. Supposedly, the client suffered damages from unsuitable trading, including the use of margin. Also, First Standard Financial Company purportedly failed to supervise. Finally, the client alleges the securities broker’s negligence as a cause of damages. For this reason, the client asked for $95,000 in compensation in this ongoing matter.

First Standard Financial Company Investor Alleges Breach Of Fiduciary Duty By Baber

Specifically, a second client of First Standard Financial Company alleged that Baber made unsuitable transactions. In this December 2019 FINRA Arbitration Claim, the client contends that Baber breached a fiduciary duty regarding stock trades. In addition, the securities broker supposedly violated a contract. The client further contends that First Standard Financial Company negligently supervised and retained the securities broker. This matter awaits a resolution.

Baber Supposedly Makes Excessive Trades In Client’s Account

BrokerCheck shows that a third First Standard Financial client complained about Baber’s sales practices. Namely, in this April 2019 dispute, the client indicates that the securities broker made excessive trades. It appears that the client sustained damages on unsuitable stock transactions at First Standard Financial Company. For this reason, they asked for $2,000,000 in compensation in this ongoing FINRA Arbitration Claim.

Oppenheimer Client Alleges Unauthorized Trading At National Securities Corp, First Standard Financial Company

In addition, Baber is involved in a dispute alleging unauthorized trading. Mainly, in this February 2019 FINRA Arbitration Claim, the client contends that the securities broker made stock trades without consent at National Securities Corporation (Baber’s employer from 2009 to 2017) and First Standard Financial Company. It appears that the client received $45,000 in July 2021 to settle this matter.

Did You Experience Damages Because Of Baber?

Did Baber cause you to suffer investment losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm helps United States investors recover compensation after incurring losses caused by their financial advisors and securities brokers. Please note that Baber denies all allegations of his sales practice violations.

Lars Soreide AVVO 2020 Top Lawyer