NADAV NACHUM BAUM

NADAV NACHUM BAUM is currently employed as a Broker and/or Investment Adviser at JANNEY MONTGOMERY SCOTT LLC located at ONE PPG PLACE, SUITE 2200, PITTSBURGH, PA, 15222.

NADAV NACHUM BAUM has worked at JANNEY MONTGOMERY SCOTT LLC since May 02, 2016

Disclosure History

NADAV NACHUM BAUM has 16 Disclosure Event(s).

Date: March 10, 2017
Category: Regulatory

Date: January 14, 2016
Category: Customer Dispute
Allegations: A fax was sent on 1/13/16 at 7:05pm and received on the morning of 1/14/16 from Client wherein she requested an explanation for an alleged $10,000 disparity between the amount she expected to receive from the liquidation of her IRA account and the amount she actually received; suggesting that it was the result of the account not being liquidated in a timely manner per her instructions.
Damage Amount Requested: $10,000.00
Broker Comment: Based on internal review and telephone discussion with the Client, the Firm concluded the amount the Client expected to receive was based on the value of the IRA account on 11/30/15. Evidence indicates the Client's instruction to liquidate the account was given on 12/17/15. The account was, except for nominal holdings, liquidated on 12/17/15. The Client received an RMD from the account independent of the liquidation funds, together with federal withholding taxes associated with that distribution, and the proceeds for the liquidation of the nominal holdings. There were transactional fees associated with the closing of the account (imposed by the Custodian) and the sale of the securities. This matter was fully discussed and explained to the Client during the telephone conference on 2/11/16 and it was determined the difference between the amount expected and the amount received was actually $3,811; attributable to the decrease in the value of the securities in the account due to market conditions between 11/30/15 and 12/17/15.

Date: August 04, 2009
Category: Regulatory

Date: March 31, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGED THAT THERE WERE A LOT OF BUYING AND SELLING JUST FOR COMMISSIONS. 1999 THRU 2005.
Broker Comment: CLAIM WAS ABANDONED

Date: January 03, 2007
Category: Customer Dispute
Allegations: CLIENT ALLEDGED THAT INVESTMENTS WERE NOT CONSISTENT WITH RISK TOLERANCE AND OBJECTIVES - 1999 TO DECEMBER 2005. DAMAGES UNSPECIFIED.
Settlement Amount: $24,500.00

Date: September 29, 2006
Category: Customer Dispute
Allegations: ALLEGES MISMANAGEMENT OF ACCOUNT.
Damage Amount Requested: $350,000.00
Settlement Amount: $73,750.00

Date: April 26, 2006
Category: Customer Dispute
Allegations: CLIENT ALLEGED UNSUITABLE INVESTMENTS AND FAILURE TO FOLLOW INSTRUCTIONS WITH RESPECT TO INVESTMENT OBJECTIVES. PERIOD COVERING 11/99 THRU 4/05
Damage Amount Requested: $275,000.00
Settlement Amount: $57,500.00

Date: April 20, 2006
Category: Customer Dispute
Allegations: CLIENT ALLEEGED FORMER FA FAILED TO FOLLOW INSTRUCTIONS WITH RESPECT TO RISK TOLERANCE AND MADE UNSUITABLE INVESTMENTS. DAMAGES UNSPECIFIED.
Settlement Amount: $33,000.00

Date: March 29, 2006
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES UNSUITABILITY AND MISMANAGEMENT OF ACCOUNT.
Damage Amount Requested: $500,000.00
Settlement Amount: $108,500.00

Date: February 13, 2006
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES UNSUITABILITY AND FAILURE TO SUPERVISE AND APPROXIMATES LOSSES IN THE AMOUNT OF $397,000.00
Damage Amount Requested: $397,000.00
Settlement Amount: $210,000.00

Date: January 25, 2006
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED THAT INVESTMENTS PURCHASED IN HER ACCOUNT WERE UNSUITABLE - 1999 THROUGH 2005
Damage Amount Requested: $146,000.00
Settlement Amount: $50,000.00

Date: February 03, 2004
Category: Customer Dispute
Allegations: CLIENT ALLEGED INVESTMENTS WERE UNSUITABLE - 2000 THROUGH 2003.DAMAGES UNSPECIFIED.
Broker Comment: CLAIM DENIED.

Date: January 05, 2004
Category: Customer Dispute
Allegations: CLAIMANTS ALLEGE FC PURCHASED AGGRESSIVE, UNSUITABLE STOCKS AND UNIT INVESTMENTS TRUSTS. 03/22/00
Damage Amount Requested: $77,568.00
Settlement Amount: $36,500.00
Broker Comment: AS PART OF THIS SETTLEMENT CLAIMANTS HAVE AGREED TO DISMISS NADAV BAUM FROM THE ARBITRATION.

Date: August 28, 2003
Category: Customer Dispute
Allegations: UNSUITABILITY, UNAUTHORIZED TRADING
Damage Amount Requested: $147,549.50
Broker Comment: THE CLAIMS AGAINST THIS INDIVIDUAL WERE DISMISSED IN THEIR ENTIRETY AND ANY REFERENCE TO THIS MATTER IS BEING EXPUNGED FROM THIS INDIVIDUAL'S RECORD.

Date: November 08, 2001
Category: Customer Dispute
Allegations: ALLEGING MISMANAGEMENT OF ACCOUNT AND SUITABILITY.
Damage Amount Requested: $186,570.00
Settlement Amount: $108,000.00
Broker Comment: [THIRD PARTY] IS HANDLING THIS MATTER.

Date: July 06, 2001
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED THAT HIS ACCOUNT WAS MISMANAGED BECAUSE RECOMMENDATIONS WERE MADE THAT WERE NOT BASED ON HIS CONSERVATIVE APPROACH AND HIS NEED TO HAVE PART OF HIS PORTFOLIO IN FIXED INCOME. JANUARY 2000.
Damage Amount Requested: $50,000.00
Broker Comment: THE CLIENT'S CLAIM WAS DENIED.

More Information

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

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for NADAV NACHUM BAUM, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.