Robert W. Baird & Co. Inc. Investment Attorney

Robert W. Baird & Co. Inc. Investment Attorney

The securities lawyers at Gana LLP represent investors who have suffered financial losses due to misconduct by their financial advisors and their brokerage firms, such as Robert W. Baird & Co. Inc. (Robert Baird). Among the claims that our firm has brought on behalf of clients include securities fraud,false representations, and unsuitable investments. When a client contacts our firm you can expect that our attorneys will help to evaluate the potential claim, analyze the client’s trading activity, and determine the extent and nature of the losses. Our consultations are designed to provide clients with all available options and there merits.

Baird was founded in 1919 and operated as the securities branch of the First Wisconsin National Bank in Milwaukee, Wisconsin. In 1948, the firm joined the New York Stock Exchange and assumed the name of Robert W. Baird, its lead partner. In 2004, Baird became a independent and employee-owned firm. In 2014, McAdams Wright Ragen Inc., a Seattle-based regional brokerage firm, agreed to merge with Robert W. Baird.

Robert Baird is the U.S. subsidiary of Baird, an international financial services firm that provides wealth management, private equity, and asset management services to the firm’s clients. Baird has offices all over the world including the United States, Europe, and Asia, and is one of the largest privately held full-service investment.

Robert W. Baird – By the Numbers:

  • CRD# 8158
  • SEC# 8-497
  • 29 Regulatory Events
  • 34 Customer Complaints
  • Account Assets: $101 billion
  • Number of Offices: 75
  • Representatives: 725

Robert W. Baird – In the News:

FINRA v. Robert W. Baird - The Financial Industry Regulatory Authority (FINRA) fined Robert W. Baird & Co. $500,000 alleged supervisory violations relating to its fee-based brokerage business. The settlement required Baird to return $434,510 in fees, plus interest, to 154 customers. FINRA alleged that those customers either paid fees in fee-based accounts without generating activity or paid fees higher than those indicated on Baird’s fee schedule. Typically in a fee-based brokerage account, customers are charged an annual fee which is usually a percentage of the account's assets with an annual minimum rather than a commissions on a transaction-by- transaction basis. FINRA alleged that the firm was required to determine whether a fee-based account was appropriate for an investor based on the projected cost to the investor. Where investors trade frequently a fee-based account makes sense while investors who trade rarely would have paid less in a traditional brokerage account.

FINRA v. Robert W. Baird – FINRA fined four firms and two individuals a total of $270,000 concerning allegations of violations of municipal securities rules. The fines include Edward D. Jones & Co. ($160,000), Alluvion Securities LLC ($45,000), Robert W. Baird & Co. ($45,000), and Tullet Prebon Financial Services LLC ($5,000). It was alleged that Baird violated G-17 and G-30 when the firm sold securities at unreasonable prices during between July 1 and September 30, 2009 and between January 1 and March 31, 2011.

Our attorneys has successfully represented hundreds of investors in their broker disputes with their advisor firms. Our consultations are free and we welcome all inquiries.