Category Archives: Robert W. Baird

Jodie LaMarre- Former Robert W. Baird & Co. Broker- Discloses Regulatory Event & Two Settled Customer Disputes-Sarasota, FL

June 2019- Sarasota, FL

According to publicly available records Jodie A. Lamarre (CRD#2127928) ,  a  stockbroker who is currently not registered  discloses a regulatory event and 2 settled customer disputes .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In February  2018,  without admitting or denying the findings, LaMarre consented to sanctions and to the entry findings that she recommended an unsuitable strategy involving the consolidation of an elderly customer’s assets in a single taxable account without regard to the fact that several of these assets were in tax deferred accounts .  The customer had a total net worth of less that $200,000 and was living on fixed income. As a result of LaMarre’s actions the customer was faced with an increased tax liability. FINRA suspended LaMarre for 1 year suspension and assessed a $10,000 monetary fine. FINRA case 2015046052701.

In December 2016,  a Robert W. Baird & Co., customer filed a complaint that alleged that LaMarre’s poor advice led him to sustain losses related to the purchase of a variable annuity.  The case was settled for $30,000 in 3/2017.

In May of 2015, another Robert W. Baird & Co, customer  alleged that LaMarre gave poor advice regarding distribution/surrender of annuities following the death of client’s husband, causing  unintended negative tax consequences.  This case settled for $10,000.

Lamarre was  employed with Janney Montgomery Scott from February 2015 until November 2017.   Before that she was with Robert W. Baird & Co, from July 2008 until February 2015.

If you have questions about an investment account handled by Jodie Ann Lamarre contact us for a no charge consultation to learn about your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert W. Baird & Co. Broker Sanctioned for Trading Without Approval

October 16, 2015- Portland, Oregon

James G. Christianson  , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from July 2011 to November 2012 he effected approximately 822 purchases and sales of securities in three accounts of a customer and in more than half the transactions he did not discuss the transactions with the customers before placing them.

By such action Christianson exercised discretion without obtaining written authorizations from the customer in violation of FINRA and NASD Rules.

 

AWC No.   2012034397901

Christianson  was fined $10,000 and suspended for 15 days.

According to FINRA records, Christianson  was registered with Robert W. Baird from 11/2014 until the suspension. Prior to that he was registered with McAdams Wright Ragen from 9/2012-11/2014.

McAdams Wright Ragen was acquired by Robert W. Baird & Co. in 2014.

 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

 

Former Robert W Baird Broker -Franklin, TN, Barred From Securities Industry

Patrick L. Garrett  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he intentionally and knowingly misrepresented to a customer the value of her account by telling the customer that the account was worth about $200,000 more than the value shown on the monthly statement.

Garrett attempted to make the customer whole by misusing funds from the joint account of another customer, resulting in further losses.

AWC No. 2014040147501

Garrett  was  permanently barred from the securities industry.

According to FINRA records Garrett was registered with Robert W. Baird from 6/2000-2/2014.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert W. Baird Broker Barred from Industry for Misrepresenting Account Value to Customer

August 4, 2015

Patrick Landon Garrett, of Franklin, TN  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he verbally misrepresented to a customer the value of her account. He also is alleged to have misused customer funds and falsified firm documents in an effort to recover some of the losses in a customer account.

According to FINRA, on multiple occasions from 3/2013-12/2013 Garrett intentionally and knowing misrepresented the value of the account by not telling the customer about losses and misrepresenting that the value was $200,000 more than it was. He told the customer that her printed and online statements were inaccurate because of settlement date issues.

AWC NO. 2014040147501

Garrett  was barred from the securities industry According to FINRA records Garrett  was registered with Robert W. Baird & Co. from 6/2000-2/2014.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Losses on Cushing Royalty & Income Fund ??

June 15,2015,

Cushing & Royalty Income Fund (SRF) which traded at $25 in February 2012 currently trades at less than $5. It is a leveraged fund which invests in oil and gas royalty trusts that was sold in some cases to elderly and conservative retirees who did not understand the risky nature of this investment.

Cushing & Royalty Income Fund was underwritten by these broker-dealers:

  • Stifel, Nicolaus & Company
  • RBC Capital Markets
  • Oppenheimer & Co.
  • Robert W. Baird & Co.
  • BB&T Capital Markets, a division of Scott & Stringfellow
  • Ladenburg Thalmann & Co.
  • Wunderlich Securities
  • Maxim Group

Aside from the risky nature of this investment, the fees and commissions associated with its sale exceeded 6% in some instances.

If you were sold the Cushing Royalty and Income Fund by your stockbroker, call to speak with an experienced securities attorney and learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870