Last Updated: February 2025, Manchester, CT
Here’s what you need to know about Manchester, CT, former stockbroker Edward Baroncini:
- Name: Mr. Edward Baroncini
- CRD Number: 3043354
- Current Employers:
- Excel Wealth Management, LLC – Registered Investment Advisor since January 2019
- LPL Financial LLC – Registered since December 2014
- Prior Employer: FSC Securities Corporation (August 2009 – December 2014)
- Function: Stockbroker / Financial Advisor
- Primary Location: Manchester, CT
- DBA: Excel Financial
- Can Edward Baroncini be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $478,260
If you’ve sustained damages from Mr. Baroncini, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Edward Baroncini As Your Stockbroker?
A number of customer disputes and settlements have been reported involving Edward Baroncini, including the following:
- Case #23-03193, filed on November 2, 2023, settled on June 10, 2024, for $118,288. Allegations involve failure to supervise another investment adviser, who employed an unsuitable trading strategy in common stock and ETFs between March 2021 and March 2023.
- Case #23-03191, filed on November 6, 2023, settled on June 10, 2024, for $161,380. Allegations include failure to supervise another adviser using unsuitable trading strategies in common stock and ETFs.
- Case #23-03195, settled for $323,660., alleges inappropriate supervision and unsuitable investment strategies in common stock and ETFs between May 2019 and November 2022.
- Case #23-03196, settled for $478,260.00, involved allegations that investments made between 2020 and 2023 were unsuitable for the customers’ investment objectives and risk tolerance.
- Case #23-00450, settled for $450,000 on January 29, 2024, involved allegations of inappropriate investments in common stock, ETFs, and oil & gas securities between April 2019 and December 2022.
Allegations of Broker Misconduct Against Edward Baroncini
Customers of Edward Baroncini have alleged the following misconduct in connection with his handling of their investments:
- Failure to Supervise: Multiple customer disputes involve allegations that Mr. Baroncini failed to supervise investment advisers under his management who employed unsuitable trading strategies. This may be a violation of FINRA Rule 3110, which requires firms to have a supervisory system reasonably designed to achieve compliance with applicable securities laws.
- Unsuitable Investment Recommendations: Many of the disputes relate to investments in exchange-traded funds (ETFs), common stock, and other high-risk products that were allegedly unsuitable for the customers’ financial circumstances, possibly violating FINRA Rule 2111 (Suitability Rule).
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Edward Baroncini, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.