DID STEVEN R BAADEN CAUSE YOU INVESTMENT LOSSES?
Steve Baaden Of Oppenheimer & Co. Inc. Has 8 Customer Complaints For Alleged Broker Misconduct
Who is Steve Baaden of Oppenheimer & Co. Inc.?
Steve Baaden (CRD #1266766) who is currently registered as a broker and investment adviser with Oppenheimer & Co. Inc. and located in Dallas, Texas, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Oppenheimer & Co. Inc., Steve Baaden was associated with Merrill, Lynch Pierce Fenner and Smith, PaineWebber, and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Merrill, Lynch Pierce Fenner and Smith previously terminated Steven Baaden for allegedly engaging, and conduct which resulted in the overcharging of certain clients.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Steve Baaden Customer Complaints
Steve Baaden has been the subject of 8 customer complaints that we know about seeking to recover investment losses. Two of the customer complaints evolved into NASD arbitrations and awards against the adviser’s employer at the time for his alleged misconduct. Five of the customer complaints were settled by Oppenheimer and Co. and PaineWebber in favor of the investments. Another customer complaint was denied recently by Oppenheimer and Co. and so far, the investor has not taken any further action.
Allegations Against Steve Baaden
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Failure to follow customers instructions.
- Breach of fiduciary duty, and improper management of customer’s investment accounts involving limited partnership transactions.
- Breach of fiduciary duty, account related breach of contract, account related negligence, and misrepresentation.
- Unauthorized trading and conduct resulting in overcharging the customer’s accounts.
- Unauthorized transactions made to generate additional fees and commissions.
- Unsuitability, fraud, breach of contract, and breach of fiduciary duty.
Steve Baaden Red Flags & Your Rights As An Investor
Of course, Steve Baaden did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Steve Baaden at Oppenheimer & Co. Inc. on alert to review carefully the activity and performance of their accounts and question whether Steve Baaden has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Oppenheimer & Co. Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Oppenheimer & Co. Inc. Due To Steve Baaden
If you have questions about Oppenheimer & Co. Inc. and/or Steve Baaden and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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