Former Broker Allegedly Involved In Outside Business Activities

Posted on April 24th, 2015 at 11:53 AM
Former Broker Allegedly Involved In Outside Business Activities

From the Desk of Jim Eccleston at Eccleston Law LLC:

Patric Baccam, a former Centaurus Financial broker, allegedly was involved in outside business activities. According to FINRA, Baccam received at least five customer complaints regarding his sales of promissory notes in securities transactions that were separate from his firm’s activities. His outside activities included flipping real estate, health and life insurance, and vending machine leasing.

Baccam solicited clients to invest in promissory notes through The Moret Group LLC, The PR Group and The Precision Research Group LLC. Mr. Baccam was registered with Linsco/Private Ledger Corp in Boston from November 2000 to February 2002 and Centarus Financial in Hemet, California from February 2002 to December 2011. Baccam is not currently licensed to act as a broker or as an investment adviser.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Patric Baccam, Centaurus Financial broker, James Eccleston, The Moret Group, Eccleston Law LLC

Return to Archive



I have the best legal firm in the country to defend me. Awesome job!

Cindy C.


January 21, 2022
CFP Board Establishes New Appeals Commission

The Certified Financial Planner (CFP) Board of Standards has established a new Appeals Commission. As the name suggests, the Appeals Commission possesses the sole authority to adjudicate appeal hearings.

January 20, 2022
Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Edward Jones & Co. failed to convince the U.S. Supreme Court to analyze how a federal securities law impacts a client dispute pertaining to fee-based accounts.

January 19, 2022
SEC Charges Texas Entities Over Oil and Gas Fraud

The Securities and Exchange Commission (SEC) has charged The Heartland Group Ventures, Heartland Production and Recovery, six other Heartland-affiliated entities, four Heartland-affiliated individuals as well as several oil and gas operators.