Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Allain (Allain), currently associated with Robert W. Baird & CO. Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Allain recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $230,000.00 on November 14, 2025.
The client alleges that his Financial Advisor failed to adequately explain the fee structure of the annuity, causing the client to purchase a product with higher than expected fees.