Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Baptist (Baptist), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Baptist recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $15,320.04 on June 03, 2022.
CLIENT PURCHASED ADDITIONAL SHARES OF AN EXISTING MUTUAL FUND POSITION IN THE AMOUNT OF $100,000 ON JANUARY 19, 2022. CLIENT SENT A WRITTEN COMPLAINT THREE AND A HALF MONTHS LATER ON JUNE 3, 2022 REGARDING HIS PEOPLE’S SECURITIES REGISTERED REPRESENTATIVE ROBERT BAPTIST, IN WHICH HE CLAIMED THAT THE REFERENCED TRADE WAS UNSUITABLE AND PLACED BY MR. BAPTIST WITHOUT AUTHORIZATION, WITHOUT PROVIDING A PROSPECTUS AND WITHOUT DESCRIBING THE RISKS OF INVESTMENT.