Jeffrey Allen Baber of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages founded on allegations that (1) trades were executed by the stockbroker without the customer’s knowledge or consent and (2) the stocks Baber sold failed to be suitable given the customer’s investment circumstances, risk tolerance or objectives for investing. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00737 (Apr. 8, 2019).
FINRA Public Disclosure additionally reveals that a customer filed an investment related arbitration claim concerning Baber’s activities where the customer sought $668,000.00 in damages supported by accusations that while Baber was employed by First Standard Financial Company LLC, National Securities Corp and Oppenheimer Co. Inc., transactions failed to be suitable for the customer, and unauthorized stock trades were executed in the customer’s account. FINRA Arbitration No. 19-00431 (Feb. 15, 2019).
Baber’s employment with First Standard Financial Company has been terminated as of June 7, 2019. Since June 24, 2019, he has been registered with Newbridge Securities Corporation.
