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INVESTOR ALERT! Patric Baccam – Highland, CA


INVESTOR ALERT! Patric Baccam – Highland, CA

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INVESTOR ALERT!  Patric Baccam – Highland, CA

SEC Files Complaint Against Patric Baccam of Highland, California


Have you lost money with financial advisor Patric Baccam of Highland, California?  We are continuing our investigation into allegations made by the Securities and Exchange Commission (SEC) against Patric K. Baccam, a former registered representative of Centaurus Financial.  The SEC recently brought a complaint against Baccam, alleging that he raised nearly $1 million in promissory notes for bogus companies.


The SEC alleged that Baccam raised money for several companies, including the Moret Group, Precision Research Group, and Prim Group, which were purported to invest in flipping houses.  The SEC alleged that Precision Group and Prim Group were owned and operated by Baccam.  It further alleged that Baccam used investor funds to pay for personal expenses, such as a mortgage on his primary residence, food, and service on his car.


Patric Baccam was a financial advisor and registered representative of Centaurus Financial from February 2002 to December 2011.  He worked at a branch office in Hemet, California.  According to BrokerCheck, Baccam has been the subject of seven customer complaints.


Brokerage firms like Centaurus Financial 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, the Seattle area, Chicago, and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in California in the past.


Click to view:  Baccam, Patric SEC Complaint

Click to view:  Baccam, Patric BrokerCheck 2.2.17


If you lost money with Patric Baccam, Moret Group, Precision Research Group, Prim Group, or Centaurus Financial, 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.


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