Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bernadette Baumgarten (Baumgarten), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Baumgarten recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $388,351.00 on November 12, 2025.
Claimant alleges the failure to protect her from vulnerable investor financial exploitation was a breach of the duty to act in her best interest. Claimant demands damages in the amount of not less than $388,351, plus interest, costs, attorney’s fees, and punitive damages.