Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Baldwin (Baldwin), previously associated with Brokers International Financial Services, Llc., has at least one disclosable event. These events include one tax lien, alleging that Baldwin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 04, 2024.
Without admitting or denying the findings, Baldwin consented to the sanctions and to the entry of findings that he engaged in an undisclosed OBA by acting as an investment advisor for a 401(k) plan without providing prior written notice from his member firm. The findings stated that Baldwin received compensation from the 401(k) sponsor for the services he provided, including facilitating employee enrollment, and acting as an intermediary between the sponsor and the 401(k) provider and administrator. Baldwin also falsely attested that he did not have any undisclosed OBA’s on \<char_lb_r>\, annual firm questionnaires. The findings also stated that Baldwin falsified firm records when he completed annual compliance questionnaires for another representative and submitted them to the firm. Although Baldwin completed and submitted the questionnaires at the other representative’s request, the other representative did not review the questionnaires for accuracy or completeness prior to their submission creating the false impression that the other registered representative had completed the questionnaires.
