Investors potentially experienced losses due to securities broker Steven Richard Baaden (also known as Steve Baaden [CRD: 1266766, Dallas, Texas], according to disclosures on FINRA BrokerCheck. It appears that Steven Baaden worked for Merrill Lynch Pierce Fenner Smith Incorporated from June 2011 to January 2013, and is currently registered with Oppenheimer Co. Inc. since February 12, 2013. Keep reading to learn more about the disclosures involving Baaden and allegations of misconduct.
Specifically, on February 14, 2024, an Oppenheimer Co. Inc. client filed a complaint about Steven Baaden. The client alleged that Baaden failed to follow instructions. Because of this, the client allegedly sustained damages on CDs. Therefore, the client requested $10,000 in compensation from Oppenheimer Co. Inc. or Baaden.
Evidently, a client of Oppenheimer Co. Inc. contested Steven Baaden’s sales practices by filing FINRA Arbitration No. 21-00276. Allegedly, Baaden made unsuitable recommendations, breached a contract, and breached his fiduciary duty. Supposedly Baaden caused the client to sustain damages on stocks. As a result, Oppenheimer Co. Inc. opted to settle the matter on June 10, 2022, by compensating the client in the amount of $180,000.
Specifically, a client filed a complaint about Steven Baaden. The client alleged that Baaden engaged in unauthorized trading concerning stocks. Therefore, on May 8, 2013, Merrill Lynch Pierce Fenner Smith Incorporated settled this matter by paying the client $11,337.21 in damages.
Also, a client of Merrill Lynch Pierce Fenner Smith Incorporated contested Steven Baaden’s sales practices, according to a complaint. Allegedly, Baaden engaged in unauthorized trading and caused the client to pay excessive charges. Supposedly Baaden caused the client to sustain damages on over-the-counter equities. As a result, Merrill Lynch Pierce Fenner Smith Incorporated opted to settle the matter on March 22, 2013, by compensating the client in the amount of $25,494.18.
Are you looking for more information about Steven Baaden? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney. Soreide Law Group has recovered losses for investors throughout the US, works on a contingency fee basis, and advances all costs. Baaden and brokerage firms Baaden worked for deny any allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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