INVESTOR ALERT! Customer Disputes Involving Robert W. Baird Brokers MARK FALCI, MICHAEL COLLINS

Soreide Law Group is investigating claims on behalf of those who have invested with Robert W. Baird & Co. incorporated (CRD#: 8158, Milwaukee, Wisconsin), which is a FINRA and SEC regulated brokerage firm and investment adviser firm doing business throughout the United states. Particularly, Robert W. Baird disclosed on FINRA BrokerCheck that it was required to pay compensatory damages to approximately thirty customers after FINRA Arbitrators found the firm committed sales practice violations, harming the customers. Also, the firm disclosed instances of additional customer disputes which are ongoing or that settled. For instance, take a look at the customer disputes involving brokers Marci Falci and Michael Collins:

Robert W. Baird Customer Brings Arbitration Involving Mark Falci, Unsuitable Trades

Mark Hudson Falci (CRD#: 3010935, Milwaukee, Wisconsin) has worked at Robert W. Baird since November 3, 1998. Evidently, Marc Falci serviced the account of a customer who disputed his sales practices. That is, the customer brought FINRA Arbitration #17-02998 on November 16, 2017. Allegedly, Marc Falci put the customer in unsuitable investments. Supposedly, those investments did not align with the customer’s investment objectives or risk tolerance. Because of this, Robert W. Baird opted to settle the matter on January 7, 2019 by paying the customer $220,000.

Robert W. Baird Settles Customer’s Complaint Concerning Michael Collins, Excessive Trading

Michael Jason Collins (CRD#: 2915653, Evanston, Illinois) is an ex Robert W. Baird general securities representative. Evidently, Michael Collins worked out of the firm’s Chicago, Illinois offices from October 15, 2010 to October 30, 2017. Apparently, a customer took aim at Michael Collins’ sales practices by filing a complaint dated March 5, 2018. Michael Collins supposedly charged the customer excessive fees for investment transactions including unit investment trust trades. Eventually, Robert W. Baird resolved the customer’s claim on March 5, 2018 by paying the customer $18,538.

Investors who have incurred losses by investing with Robert W. Baird brokers Mark Falci or Michael Collins should contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and firms.