<body><div>The Florida Office of Financial Regulation has confirmed that it has opened an investigation into financial advisor Gerald Baum, who last month abruptly closed his office in The Villages.<figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2QZZKV_1GzsQGwP00" alt="https://img.particlenews.com/image.php?url=2QZZKV_1GzsQGwP00" width="1370" height="1150" ><figcaption>Gerald Baum</figcaption></figure>A representative for the state office said the investigation was launched as a result of reporting by Villages-News.com on Baum and his now-shuttered office at Lake Sumter Landing.Ever since a piece of paper announcing the office’s closure was Scotch-taped to the window at the Baum Financial office at Lake Sumter Landing, his clients say Baum has been impossible to contact. Several of the now-elderly clients are under the guardianship of their adult children, who have found they are unable to tap into their parents’ sorely needed nest eggs.Clients tell the same story. They were coaxed by Baum to plow more and more of their savings into his venture in Costa Rica, which boasted a town-square type environment modeled after The Villages.Baum has remained mum since the closing of his offices in The Villages and Spring Hill, with the exception of one terse statement issued to Villages-News.com. Villages-News.com will continue to extend an offer to Baum to explain what steps he plans to take next to reunite his clients with their money. He and his clients are invited to share their stories at [email protected].</div></body>

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The Florida Office of Financial Regulation has confirmed that it has opened an investigation into financial advisor Gerald Baum, who last month abruptly closed his office in The Villages. A representative for the state office said the investigation was launched as a result of reporting by Villages-News.com on Baum and...

State launches investigation into financial advisor who has disappeared

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The Florida Office of Financial Regulation has confirmed that it has opened an investigation into financial advisor Gerald Baum, who last month abruptly cl

State launches investigation into financial advisor who has disappeared

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