Update For Victims of Former Virginia Financial Advisor, Troy Baldridge

AdobeStock_78306447-1-300x199Troy Baldridge, a former financial adviser with Capitol Securities Management in Glen Allen, Virginia, has been sentenced to 41 months in prison. Baldridge pleaded guilty to mail fraud in December 2016, after being accused of transferring funds from client accounts into his own personal one. He also allegedly forged client signatures on documents from September 2011 until July 2016. Baldridge admitted to embezzling more than $500,000 from his clients, most of which were elderly and retired. He was permanently barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) in 2016 and will pay more than $500,000 in restitution to his clients.
According to public documents with FINRA, Mr. Baldridge was previously registered with IDS Life Insurance Company, American Express Financial Advisors, Branch, Cabell & Co., Tucker Anthony Inc., RBC Dain Rauscher, Anderson & Strudwick Inc., Capitol Securities & Associates in Glen Allen, Virginia from May 2011 until December 2012 and Capitol Securities in Glen Allen from August 2007 until August 2016. He has one customer dispute against him, claiming miscommunication in regard to variable life insurance coverage to fund an irrevocable trust, and has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
If you suffered losses with Troy Christopher Baldridge, please call our Chicago-based law offices today for a no-cost, no-obligation consultation with one of our attorneys. We may be able to help you sue Capitol Securities in order to recover your money on a contingency fee basis. There is a statute of limitations on most cases, so time is of the essence.

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