Armando “Alex” Barron, IRC Securities, Suspended by FINRA
According to public records on January 8th, 2025, The Financial Industry Regulatory Authority (FINRA) has reportedly suspended Armando Alejandro “Alex” Barron (CRD#: 4394048) for 2 years from working as a broker.
Between October 2019 and April 2023, while reportedly associated with IRC Securities, Barron purportedly participated in private securities transactions by soliciting 14 investors to enter into 30 promissory note transactions, totaling $979,500, with a limited liability company (LLC) allegedly owned and controlled by Barron.
The notes were reportedly securities, and Barron purportedly failed to provide the firm with adequate prior written notice of these private securities transactions. As a result, Barron allegedly violated FINRA Rules 3280 and 2010.
In addition, from at least October 2020 to at least February 2023, Barron allegedly solicited individuals to invest in the promissory notes through communications that failed to comply with FINRA’s content standards for communications with the public, in violation of FINRA Rules 2210 and 2010.
In addition to the suspension, Barron was reportedly fined $50,000.
FINRA Rule 2010
FINRA Rule 2010 Standards of Commercial Honor and Principles of Trade- says that broker-dealers must operate with the highest standards of commercial honor in their dealings with investors.
Firms that fail to supervise their advisors, can be held responsible for investment losses in a Financial Industry Regulatory Authority (FINRA) arbitration claim.
Alex Barron- FINRA Broker Check
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his broker report, Baron was reportedly registered with the following firms during his career, among others.
08/15/2011 – 04/11/2023 IRC SECURITIES LLC (CRD#:150022) NEW YORK, NY
05/09/2007 – 01/05/2010 AGENCY TRADING GROUP, INC. (CRD#:108887 EL PASO, TX
Due Diligence
FINRA registered broker-dealers are required to conduct thorough due diligence before recommending investments, under the “Regulation Best Interest” standard. If a financial advisor fails to meet this obligation before making a recommendation, they may be held liable for any resulting investment losses.
If you have suffered investment losses due to misrepresentation, the securities attorneys at The White Law Group may be able to help you. You may be able to recover your losses by filing a FINRA arbitration claim against your brokerage firm that sold you the investment.
Free Consultation
If you have suffered investment losses with Armando “Alex” Barron, the securities attorneys at the White Law Group may be able to help you. Please call (888) 637-5510 for a free consultation.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
With more than 30 years of experience in securities law, The White Law Group has the knowledge and expertise to help investors recover losses resulting from securities fraud.
Last modified: January 9, 2025
