Bernadette Baumgarten (CRD #:  6252004), a broker with NY Life Securities LLC and Eagle Strategies LLC, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on December 8, 2025. Keep reading if you have questions regarding her alleged conduct.

Investor Dispute

On November 12, 2025, a customer dispute alleged that Bernadette Baumgarten failed to provide adequate protection against financial exploitation. The dispute includes an allegation of breach of duty to act in the claimant’s best interest. The claimant is demanding damages in the amount of $388,351, including interest, punitive damages, attorney’s fees, and additional costs. The dispute is pending.

Regulation Best Interest

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest. Firms must also research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.  Breach of fiduciary duty violates this rule.

Background Information

Bernadette Baumgarten has passed the following exams:

• Series 7TO General Securities Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 6 Investment Company Products/Variable Contracts Representative Examination
• Series 65 Uniform Investment Adviser Law Examination
• Series 63 Uniform Securities Agent State Law Examination

She has registered with the following firms:

• NY Life Securities LLC (CRD #: 5167)
• Eagle Strategies LLC (CRD #: 110826)

Bernadette Baumgarten is a registered broker in Florida and New York.

Kurta Law Can Help 

If you have worked with Bernadette Baumgarten and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.