CRD of William Baquet

8/9/2019 CRD of William Baquet

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BrokerCheck Report

WILLIAM BAQUET

Report #67712-86170, data current as of Monday, January 26, 2015.

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 1332676

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2 - 4

5 - 6

7

Page(s)
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About BrokerCheck

BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.

What is included in a BrokerCheck report?BrokerCheck reports for individual brokers include information such as employment history, professionalqualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheck

reports for brokerage firms include information on a firms profile, history, and operations, as well as many of thesame disclosure events mentioned above.Please note that the information contained in a BrokerCheck report may include pending actions or allegationsthat may be contested, unresolved or unproven. In the end, these actions or allegations may be resolved in favorof the broker or brokerage firm, or concluded through a negotiated settlement with no admission or finding ofwrongdoing.

Where did this information come from?The information contained in BrokerCheck comes from FINRAs Central Registration Depository, or CRD and isa combination of:

o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers andbrokerage firms to submit as part of the registration and licensing process, and

o information that regulators report regarding disciplinary actions or allegations against firms or brokers.

How current is this information?Generally, active brokerage firms and brokers are required to update their professional and disciplinaryinformation in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.

What if I want to check the background of an investment adviser firm or investment adviserrepresentative?To check the background of an investment adviser firm or representative, you can search for the firm or individualin BrokerCheck. If your search is successful, click on the link provided to view the available licensing andregistration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttp://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.

Are there other resources I can use to check the background of investment professionals?

FINRA recommends that you learn as much as possible about an investment professional before deciding to workwith them. Your state securities regulator can help you research brokers and investment adviser representativesdoing business in your state.

Thank you for using FINRA BrokerCheck.

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For additional information aboutthe contents of this report, please

refer to the User Guidance orwww.finra.org/brokercheck. Itprovides a glossary of terms and alist of frequently asked questions,as well as additional resources.

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WILLIAM BAQUET

CRD# 1332676

Currently employed by and registered with thefollowing Firm(s):

FORDHAM FINANCIAL MANAGEMENT,

INC.17 BATTERY PLACESUITE 643NEW YORK, NY 10004CRD# 20996Registered with this firm since: 05/30/1997

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type CountRegulatory Event 2

Criminal 1

Customer Dispute 3


This broker is registered with:

1 Self-Regulatory Organization

28 U.S. states and territories

This broker has passed:

1 Principal/Supervisory Exam

2 General Industry/Product Exams

1 State Securities Law Exam

Registration History

This broker was previously registered with thefollowing securities firm(s):

COMMONWEALTH ASSOCIATESCRD# 20833NEW YORK, NY03/1995 - 02/1997

BERKELEY SECURITIES CORPORATIONCRD# 8397NEW YORK, NY

01/1989 - 02/1995

COLEMAN & COMPANYCRD# 148606/1988 - 09/1988

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12015 FINRA. All rights reserved. Report# 67712-86170 about WILLIAM BAQUET. Data current as of Monday, January 26, 2015.
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Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.

This individual is currently registered with 1 SRO and is licensed in 28 U.S. states and territories through his orher employer.

Employment 1 of 1

Firm Name:

Main Office Address:

Firm CRD#:

FORDHAM FINANCIAL MANAGEMENT, INC.

20996

17 BATTERY PLACE, SOUTHSUITE 643NEW YORK, NY 10004

SRO Category Status DateFINRA Equity Trader APPROVED 10/09/2000

FINRA General Securities Principal APPROVED 05/30/1997

FINRA General Securities Representative APPROVED 05/30/1997

FINRA Investment Banking Representative APPROVED 01/06/2010

FINRA Operations Professional APPROVED 10/18/2011

U.S. State/Territory

Category Status Date

Arizona Agent APPROVED 05/09/2002

California Agent APPROVED 05/30/1997

Colorado Agent APPROVED 03/27/2012

Florida Agent APPROVED 06/06/2005

Georgia Agent APPROVED 07/08/1997

Illinois Agent APPROVED 06/02/1997

Indiana Agent APPROVED 01/05/1998

Iowa Agent APPROVED 03/25/2013

Louisiana Agent APPROVED 10/23/2012

U.S. State/Territory


Maryland Agent APPROVED 06/04/1997

Michigan Agent APPROVED 08/08/1997

Minnesota Agent APPROVED 09/05/2012

Missouri Agent APPROVED 05/18/2012

Montana Agent APPROVED 03/02/2011

Nebraska Agent APPROVED 12/04/1997

Nevada Agent APPROVED 06/24/1997

New Jersey Agent APPROVED 06/03/1997

New Mexico Agent APPROVED 09/05/2012

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Employment 1 of 1, continuedU.S. State/Territory


New York Agent APPROVED 06/02/1997

North Carolina Agent APPROVED 06/04/1997

North Dakota Agent APPROVED 11/06/2014

Ohio Agent APPROVED 06/03/1997

Pennsylvania Agent APPROVED 06/17/1997

Texas Agent APPROVED 01/15/1998

Virginia Agent APPROVED 06/04/1997

Washington Agent APPROVED 11/07/2005

West Virginia Agent APPROVED 06/03/1997Wisconsin Agent APPROVED 09/06/2012

Branch Office Locations

FORDHAM FINANCIAL MANAGEMENT, INC.17 BATTERY PLACESUITE 643NEW YORK, NY 10004

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Industry Exams this Broker has Passed

This individual has passed 1 principal/supervisory exam, 2 general industry/product exams, and 1 statesecurities law exam.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Principal Examination 02/27/1989Series 24

Exam Category Date

General Industry/Product Exams

General Securities Representative Examination 03/16/1985Series 7

Limited Representative-Equity Trader Exam 04/28/2000Series 55

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 12/05/1985Series 63

Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.



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Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

03/1995 - 02/1997 COMMONWEALTH ASSOCIATES 20833 NEW YORK, NY

01/1989 - 02/1995 BERKELEY SECURITIES CORPORATION 8397 NEW YORK, NY

06/1988 - 09/1988 COLEMAN & COMPANY 1486

12/1987 - 02/1988 R.C. STAMM & CO., INC. 11105

11/1987 - 12/1987 GREELEY SECURITIES, INC. 7738

04/1986 - 11/1987 HAAS SECURITIES CORPORATION 2104

03/1985 - 04/1986 BROADCHILD SECURITIES CORP. 7702

Employment History

Employment Dates Employer Name Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.

Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.

04/1997 - Present FORDHAM FINANCIAL MANAGEMENT, INC. NEW YORK, NY

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.

OFFICER, DIRECTOR AND SHAREHOLDER OF CUBANEY HOLDINGS CORP. AND MERCEDITA HOLDINGS, INC.

AS OF JANUARY, 2007 WILLIAM BAQUET OWNES FIFTY PERCENT OF THE STOCK OF CINCO CRUCES DE OROHOLDINGS, SA. HIS STOCK OWNERSHIP REPRESENTS A PASSIVE INVESTMENT IN THIS REAL ESTATEHOLDING COMPANY. MR. BAQUET DEVOTES NO TIME TO THIS INVESTMENT, NOR DOES HE RECEIVE ANY

COMPENSATION.

CHAIRMAN OF THE BOARD OF DIRECTORS OF SIX DIAMOND RESORTS INTERNATIONAL, STATEN ISLAND,



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Other Business Activities, continuedNY, AS OF AUGUST, 2013. MR. BAQUET DEVOTES VARIOUS TIME TO THIS POSITION (AS NEEDED) ANDRECEIVES NO COMPENSATION.



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Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customercomplaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings, and criminal or civil

judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example:o A law enforcement agency must file formal charges before a broker is required to disclose a particular

criminal event.o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules

or conduct governing the industry and that the activity resulted in damages of at least $5,000.

3. Disclosure events in BrokerCheck reports come from different sources:o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,

brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versions

will be separated by a solid line with the reporting source labeled.

4. There are different statuses and dispositions for disclosure events:o A disclosure event may have a status ofpending, on appeal, orfinal.

A "pending" event involves allegations that have not been proven or formally adjudicated. An event that is "on appeal" involves allegations that have been adjudicated but are currently

being appealed. A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition ofadjudicated, settledorotherwise resolved. An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or

(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.

A "settled" matter generally involves an agreement by the parties to resolve the matter. Pleasenote that brokers and brokerage firms may choose to settle customer disputes or regulatorymatters for business or other reasons.

A "resolved" matter usually involves no payment to the customer and no finding of wrongdoingon the part of the individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these events can be found in the subsequent pages of this report. You also maywish to contact the broker to obtain further information regarding these events.

Final On AppealPendingRegulatory Event 0 2 0



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Criminal 0 1 0

Customer Dispute 0 3 N/A



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Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed,resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., tomaintain customer relationships or to limit the litigation costs associated with disputing the allegations) with no

admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of a broker's authority to act as an attorney, accountant, or federal contractor.

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Other: N/A

Date Initiated: 05/31/2012

Docket/Case Number: 2008011743303

Employing firm when activityoccurred which led to the

regulatory action:


Product Type: No Product

Allegations: FINRA RULES 2010, 3130(B), NASD RULES 2110, 3013(B): AS A MEMBERFIRM'S CHIEF EXECUTIVE OFFICER, BAQUET WAS REQUIRED TO SIGN THECHIEF EXECUTIVE OFFICER CERTIFICATIONS CERTIFYING THE FIRM'SWRITTEN COMPLIANCE POLICIES AND WRITTEN SUPERVISORYPROCEDURES, ON BEHALF OF THE FIRM. BAQUET FAILED TO SIGN SUCHCERTIFICATIONS FOR THE YEARS 2008 AND 2009.

Current Status: Final

Resolution: Decision & Order of Offer of Settlement

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Resolution Date: 03/11/2013

Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Civil and Administrative Penalty(ies)/Fine(s)

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision of

such Act, rule or regulation?



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(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, the

Securities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

(3) failed reasonably to

supervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule or

regulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $5,000.00

Portion Levied againstindividual:

$5,000.00

Monetary Sanction 1 of 1

Payment Plan:



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Regulator Statement WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, BAQUETCONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OFFINDINGS, THEREFORE HE IS FINED $5,000. FINE PAID IN FULL ON 3/22/13.

Date Paid by individual: 03/22/2013

Was any portion of penaltywaived?

No

Amount Waived:

Is Payment Plan Current:

iReporting Source: Broker


FINRA

Sanction(s) Sought: Civil and Administrative Penalty(ies)/Fine(s)


Docket/Case Number: 2008011743303

Employing firm when activityoccurred which led to theregulatory action:


Product Type: No Product

Allegations: AS THE FIRM'S CEO, MR. BAQUET FAILED TO SIGN THE CEOCERTIFICATIONS CERTIFYING THE FIRM'S WSPS AND POLICIES ONBEHALF OF THE FIRM FOR THE YEARS 2008 AND 2009.


Resolution: Decision & Order of Offer of Settlement


Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Civil and Administrative Penalty(ies)/Fine(s)

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Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $5,000.00

Portion Levied against

individual:

$5,000.00

Date Paid by individual: 03/20/2013

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan:

Is Payment Plan Current:

Disclosure 2 of 2

i



NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.

Sanction(s) Sought:

Other Sanction(s) Sought:


Docket/Case Number: C10970016

Employing firm when activityoccurred which led to theregulatory action:

BERKELEY SECURITIES CORPORATION

Product Type:

Other Product Type(s):

Allegations:


Resolution: Acceptance, Waiver & Consent(AWC)

Resolution Date:03/13/1997

Sanctions Ordered: Censure

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Other Sanctions Ordered:

Sanction Details:

Regulator Statement ON MARCH 13, 1997, DISTRICT NO. 10 NOTIFIED RESPONDENTS

BERKELEY SECURITIES CORP., WILLIAM BAQUET, AND MARTIN S. BARACHTHAT THE LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO.C10970016 WAS ACCEPTED; THEREFORE, THEY ARE CENSURED ANDFINED$5,000, JOINTLY AND SEVERALLY - (NASD RULE 2110 - RESPONDENTMEMBER, ACTING THROUGH RESPONDENTS BAQUET AND BARACH,CONDUCTED

A SECURITIES BUSINESS WHILE FAILING TO MAINTAIN ITS MINIMUMREQUIRED NET CAPITAL).

***$5,000.00 PAID J&S ON 4/8/97, INVOICE #97-10-241***

Monetary/Fine $5,000.00



NASD

Sanction(s) Sought:

Other Sanction(s) Sought:


Docket/Case Number: C10970016

Employing firm when activity

occurred which led to theregulatory action:

BERKELEY SECURITIES CORPORATION

Product Type:

Other Product Type(s):

Allegations: BERKELEY SECURITIES CORPORATION, ACTINGTHROUGH WILLIAM BAQUET, CONDUCTED A SECURITIES BUSINESS FROMDECEMBER 30, 1994 THROUGH JANUARY 12, 1995, WHILE FAILING TOMAINTAIN MINIMUM NET CAPITAL.


Resolution: Acceptance, Waiver & Consent(AWC)


f /
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Sanctions Ordered:

Other Sanctions Ordered:

Sanction Details: WILLIAM BAQUET, WITHOUT ADMITTING OR DENYING THEALLEGATIONS OF VIOLATIONS, ACCEPTED AN ENTRY OF FINDINGS BYTHENASDR OF A VIOLATION OF CONDUCT RULE 2110. ACCORDING TO THE

AWC. BAQUET, BERKELEY SECURITIES CORPORATION, AND MARTINBARACH(FINOP) ACCEPTED A CENSURE AND A FINE, JOINTLY AND SEVERALLY INTHE AMOUNT OF $5000.

Broker Statement IN SUPPORT OF THE AWC, BAQUET STRESSED THAT ANYNET CAPITAL VIOLATION WERE NON-WILFUL AND INADVERTENTRESULTINGFROM A STOCK RECEIVABLE FROM AN INVESTMENT BANKING CLEINT

WHICHI BELIEVED WAS A GOOD RECEIVABLE; HOWEVER, THE CORPORATEFINANCE CLIENT FAILED TO HONOR ITS COMMITMENT WHEN BERKELEYVOLUNTARILY CEASED OPERATIONS ON JANUARY 13, 1995. A COPY OFTHE AWC IS ATTACHED.

CensureMonetary/Fine $5,000.00


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Criminal - Final Disposition

This type of disclosure event involves a criminal charge against the broker that has resulted in a conviction, acquittal,dismissal, or plea. The criminal matter may pertain to any felony or certain misdemeanor offenses, including bribery,perjury, forgery, counterfeiting, extortion, fraud, and wrongful taking of property.

Disclosure 1 of 1

Reporting Source: Broker

Court Details: COURT-NASSAU COUNTY COURT FIRST DISTRICTCOURT, NEW YORK#367882

Charge Date: 04/23/1996

Charge Details: ALLEGED TWO COUNTS OF SEXUALABUSE-MISDEMEANOR

Felony? Yes


Status Date: 05/20/1997

Disposition Details:

Broker Statement Not Provided

FINED $150.00-ONE COUNT WAS FULLY DISMISSED ANDONE COUNT WAS REDUCED TO A CLASS B MISDEMEANOR


fi /b k h k U G id


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Customer Dispute - Award/Judgment

This type of disclosure event involves a final, consumer-initiated, investment-related arbitration or civil suit containingallegations of sales practice violations against the broker that resulted in an arbitration award or civil judgment for thecustomer.

Disclosure 1 of 2


Employing firm whenactivities occurred which ledto the complaint:

Allegations:

COMMONWEALTH ASSOCIATES

BREACH OF FIDUCIARY DUTY AND CONTRACT, GROSS NEGLIGENCE,FAILURE TO DISCLOSE MATERIAL FACTS

Product Type: Other

Other Product Type(s): UNKNOWN TYPE OF SECURITIES

Alleged Damages: $103,132.50

Arbitration/Reparation Claimiled with and Docket/Case

No.:

NASD - CASE #98-04106

Date Notice/Process Served: 10/29/1998

Arbitration Pending? No

Disposition: Award

Disposition Date: 08/04/2000

Disposition Detail: >08/17/00 RESPONDENTS BE AND HEREBY ARE JOINTLY AND SEVERALLYLIABLE FOR AND SHALL PAY TO CLAIMANT THE SUM OF $59,250.00 ASCOMPENSATORY DAMAGES, PLUS INTEREST AT THE RATE OF 9% WHICHWILL BEGIN TO ACCRUE 30 DAYS AFTER NOTIFICATION OF THIS AWARD.

Arbitration Information



Allegations:

COMMONWEALTH ASSOCIATES

THE ALLEGATION WERE FAILURE TO EXECUTE.

Product Type: Equity - OTC


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Date Complaint Received: 03/27/1998

Complaint Pending? No

Status:


Settlement Amount:

Individual ContributionAmount:


No.:

NASD- DOCKET 98-04106



Disposition: Award to Customer


Monetary CompensationAmount:

$59,250.00

Broker Statement I VEHEMENTLY DISAGREE WITH THE PANEL DECISION. PANEL DID NOTCLARIFY PROCEDURE DETERMINING HOW AWARD DECISION WOULD BERENDERED.

Customer Complaint Information



$29,625.00

Arbitration/Reparation

Disclosure 2 of 2

i



Allegations: UNAUTHORIZED TRADING; MISREPRESENTATION;

ACTIVITY-OTHERProduct Type:




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No.:

NASD - CASE #90-00768



Disposition: Other


Disposition Detail: AWARD AGAINST PARTY***BAQUET IS LIABLE IN THE AMOUNT OF$9,000.00***


i



Allegations: CLAIMANT ALLEGED UNAUTHORIZED TRADING ANDMISREPRESENTATION. ACTUAL/ COMPENSATORY DAMAGES REQUESTEDINTHE AMOUNT OF $28,133.00

Product Type:


Date Complaint Received:


Status:


Settlement Amount:




Arbitration/Reparation


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No.:

NASD; 90-00768



Disposition: Award to Customer


Monetary CompensationAmount:

$9,000.00

Broker Statement PARTIAL RELIEF AWARDED IN THE AMOUNT OF$9,000.00Not Provided





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Customer Dispute - Closed-No Action/Withdrawn/Dismissed/Denied

This type of disclosure event involves (1) a consumer-initiated, investment-related arbitration or civil suit containingallegations of sales practice violations against the individual broker that was dismissed, withdrawn, or denied; or (2) aconsumer-initiated, investment-related written complaint containing allegations that the broker engaged in sales practiceviolations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of

funds or securities, which was closed without action, withdrawn, or denied.Disclosure 1 of 1



Allegations:


BROKER ADVISED AGAINST SELLING SHARES BECAUSE HE BELIEVEDSTOCK WAS GOING TO APPRECIATE, CUSTOMER SUFFERED A LOSS OF$11,000 WHEN THE STOCK WENT DOWN.

Product Type: Equity-OTC


Date Complaint Received: 03/31/2010


Status:


Settlement Amount:


Broker Statement CUSTOMER ACKNOWLEDGED THAT RR BASED HIS RECOMMENDATION ONHIS BELIEF THAT THE PRICE WOULD GO UP AND CUSTOMER FURTHERSTATED "I KNOW YOU MEANT WELL...". CUSTOMER ENDED HIS LETTER BYSTATING, "IF THERE IS ANY WAY YOU FEEL YOU CAN COMPENSATE ME, I

WOULD BE APPRECIATIVE".


Denied

Is this an oral complaint? No

Is this a written complaint? Yes

Is this an arbitration/CFTCreparation or civil litigation?

No




24/24


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222015 FINRA All i ht d R t# 67712 86170 b t WILLIAM BAQUET D t t f M d J 26 2015

Documents

CRD of William Baquet