Ronald Birnbaum (CRD #: 2382580), a broker registered with Advisory Group Equity Services Ltd, and an investment adviser registered with Trust Advisory Group Ltd, is involved in multiple customer disputes involving allegations of failure to perform due diligence, over-concentration of certain securities in investor’s portfolios, and unsuitable investment recommendations, according to his BrokerCheck record, accessed on August 24, 2020.

On May 26, 2020, a client alleged that Ronald Birnbaum failed to perform his due diligence, over-concentrated certain securities in the portfolio, and made unsuitable investment recommendations. The client is seeking $200,000; the dispute is pending.

On April 27, 2020, a client alleged that Ronald Birnbaum failed to perform due diligence, over-concentrated certain securities, and made unsuitable investment recommendations. The client is seeking $75,000; the dispute is pending.

On March 16, 2020, a client alleged that Ronald Birnbaum failed to perform due diligence, over-concentrated certain securities, and made unsuitable investment recommendations. The client is seeking $200,000; the dispute is pending.

On March 17, 2017, a client alleged that Ronald Birnbaum made an unsuitable investment recommendation in the form of a private placement corporate bond. The client is seeking $141,850 in damages; the dispute is pending.

There are two other settled disputes on Ronald Birnbaum’s broker record involving unsuitable investment recommendations that were collectively resolved for $95,000.

Ronald Birnbaum has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 6 Investment Company Products/ Variable Contracts Representative Examination. He is a registered broker in Arizona, California, Colorado, Connecticut, Florida, Kentucky, Maine, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, and Vermont. He is also an investment adviser in Connecticut, Florida, Massachusetts, Michigan, New Jersey, Rhode Island, South Carolina, and Vermont.

During his 26-year career, Ronald Birnbaum has worked at 6 firms. Besides his current firms, he has worked at the following institutions:

  • Equity Services, Incorporated (CRD #: 265)
  • Guardian Investor Services Corporation (CRD #: 6635)
  • MML Investors Services, Incorporated (CRD #: 10409)
  • New England Securities (CRD #: 615)

If Ronald Birnbaum was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with a securities attorney. 

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