WARNING! FRAUD Investigation: WILLIAM BAUMNER and BUCKMAN, BUCKMAN & REID
Losses in Hawk Systems, Inc. and Hawk Biometric Technologies
Have you lost money investing in Hawk Systems, Inc. and Hawk Biometric Technologies? Our firm is investigating the sale of investments in Hawk Systems and Hawk Biometric Technologies, after multiple news sources, including the New York Daily Times and the Palm Beach Post covered stories about these companies. The stories reported that Hawk Systems and Hawk Biometric were financial scams, and that investors lost significant money in these companies.
Our firm is investigating whether certain financial advisors recommended Hawk Systems and Hawk Biometric Technologies to their customers. It has been alleged that William L. Baumner IV, formerly with Buckman, Buckman & Reid, recommended these companies to some of his customers.
William Baumner was a financial advisor and registered representative of Buckman, Buckman & Reid from March 2010 to May 2017. He worked at a branch office in Boca Raton, Florida. Baumner has been the subject of eight customer complaints according to BrokerCheck.
Brokerage firms like Buckman, Buckman & Reid have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout southern Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Baumner, William BrokerCheck 3.12.18
If you lost money with William Baumner or Buckman, Buckman & Reid, please CONTACT ISRAELS & NEUMAN at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.