Former CAPITOL SECURITIES MANAGEMENT Broker, Troy C. Baldridge, Sentenced to Prison after Stealing $500,000 from Clients

TROY CHRISTOPHER BALDRIDGE (CRD#: 2976766), a 48 year-old former registered investment advisor and broker/dealer in Glen Allen, Virginia, stole more than $500,000 from 15 clients over a five-year period.  Troy C. Baldridge was sentenced on March 10, 2017, to three years and five months in prison.
Troy C. Baldridge, pleaded guilty in December 2016 to mail fraud. By pleading guilty, Baldridge admitted that from September 2011 through July 2016 he transferred funds from his clients’ accounts to his own accounts, and forged his clients’ signatures. Baldridge must pay $505,665 in restitution to the insurance carrier for reimbursing his victims.
Baldridge, who was a former Sunday school teacher and youth league football coach, had victims who were retirees and elderly. One victim, a 92 year-old who after losing $85,000, found it difficult to pay nursing home expenses.
Baldridge worked for Capitol Securities Management and FINRA has permanently barred Troy C. Baldridge from acting as a broker or otherwise associating with firms that sell securities to the public.
Troy C. Baldridge was registered in the securities industry for 18 years and was registered with 8 firms, the last two listed below:
08/17/2007 - 08/17/2016  CAPITOL SECURITIES MANAGEMENT, INC. - GLEN ALLEN, VA
05/20/2011 - 12/18/2012  CAPITOL SECURITIES & ASSOCIATES INC. - GLEN ALLEN, VA
If you were a victim of Troy C. Baldridge formerly of CAPITOL SECURITIES MANAGEMENT, INC. GLEN ALLEN, VA, and you suffered investment losses, call Soreide Law Group for a no-cost consultation with a Securities Lawyer regarding the possible recovery of your investment losses at:  888-760-6552.
Remember, Soreide Law Group operates on a contingency fee basis and we will represent our clients nationwide before FINRA.