Broker Charles Ronald Baker (also known as Ron Baker) was reportedly barred for failure to appear for on-the-record testimony requested by FINRA in connection with an investigation into whether he allegedly engaged in potential unsuitable and discretionary trading, according to a Letter of Acceptance, Waiver, and Consent (AWC) disclosed on his Brokercheck Report. The circumstances surrounding Baker’s regulatory dispute are under review by investment attorney, Alan Rosca and his colleagues.
Individuals who are concerned about investments with Charles R. Baker may contact Alan Rosca or his colleagues for a free case evaluation or to provide any helpful information toll free at 888-998-0530, via email at arosca@rscounsel.law, or may use the contact form found on our webpage.
Ron Baker Is Barred by FINRA
Baker’s AWC, signed in June of 2022, discloses that Ron Baker allegedly refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into whether he engaged in potential unsuitable and discretionary trading in customer accounts.
Without admitting or denying FINRA’s findings, Charles Baker agreed to being permanently barred from associating with any FINRA member in all capacities.
Baker Was the Subject of Multiple Customer Dispute Disclosures
According to his Brokercheck Report, Charles Ron Baker is the subject of multiple customer dispute disclosures.
In August of 2003, a customer dispute claim was filed due to a customer being “unhappy about account performance.” While the customer did not request any specific compensatory damages, losses are estimated at $200,000. The customer dispute disclosure is still shown as pending.
In April of 1992, a customer reportedly filed a case in the Lubbock County Court under case number #92-537812. The customer reportedly requested $67,412.72 in damages and settled for $40,000.00 without the admission of liability.
In November of 1992, a customer dispute disclosure was filed in connection with alleged unauthorized trading. The customer requested $1,500,000 in damages and settled for $425,000.00.
Another customer dispute disclosure was reportedly filed in January of 1990 on the account of alleged “failure to supervise.” The customer requested $117,000.00 and the dispute is reported as settled.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. While the customer complaints mentioned in the Brokercheck report allege misconduct by Charles Ronald Baker, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Charles Ronald Baker Has Been a Registered Broker Since 1973
According to his Brokercheck, Charles Baker reportedly served as a broker with Richfield Orion International, Inc., located in Lubbock, TX, from 2013 to mid-2022.
From 1991 to 2013, Baker was reportedly employed by WFG Investments, also located in Lubbock, TX.
Baker reportedly worked as a broker with Dean Witter Reynolds, in its Purchase, NY office, from 1982 to 1991.
From 1974 to 1982, Baker was employed by E.F. Hutton & Company Inc.
Potential Compensation Claims May Be Available
The Rosca Scarlato LLC law firm represents individuals who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding former broker Charles Baker’s alleged unsuitable and discretionary trading.
Rosca Scarlato LLC law firm offers a contingency fee representation, advances the case costs and expenses, and only gets paid out of compensation recovered for clients. Attorney Alan Rosca, an investment lawyer and sometimes adjunct professor of securities regulation, has represented thousands of investors in cases alleging broker misconduct.
Investors who are concerned about investments with Charles Ron Baker may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, emailing arosca@rscounsel.law, or by using the contact form provided on this website.
