Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Danny Baird (Baird), previously associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Baird recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on September 12, 2023.
Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, the client is alleging there is a breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise, and violation of regulation best interest.