According to his Brokercheck Report, Patric Ken Baccam a/k/a Khanh Sengpraseuth (CRD# 2828745), a former representative of Centaurus Financial, has been the subject of seven FINRA customer complaints.
Mr. Baccam is currently the subject of three pending customer complaints relating to the sale of promissory notes and/or real estate. Mr. Baccam offered promissory notes through various entities, including The PR Group, The Moret Group, L.L.C. and The Precision Research Group, L.L.C.
In a 2006 case involving the sale of variable annuities (Case No. 04-08505), a FINRA arbitration panel issued an award in favor of a customer and against Mr. Baccam (and others) and his former firm Linsco/Private Ledger Corp. (now, LPL) for $161,620 in damages, $118,000 in interest, and $50,000 in attorney’s fees. Mr. Baccam claimed that the customer was not his client.
Mr. Baccam’s former firm, LPL, also settled two other cases brought by customers relating to the sale of variable annuities.
Patric Baccam began his career with LPL in November 2000 and was registered as a broker with Centaurus from 2002 until 2011. Mr. Baccam is currently not licensed to act as a broker or as an investment advisor.
Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.
Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.
