Former Cetera Investment Services LLC Broker Brad Bakken Accused of Unsuitable Investment Recommendations

Cetera Advisors LLC

Were you the victim of former Cetera Investment Services LLC broker Brad Bakken (CRD# 2475927) who is accused of unsuitable investment recommendations? He has been registered with LPL Financial LLC in Wahpeton, North Dakota since 2017. Previously, he was registered with Cetera Investment Advisers LLC in Wahpeton, North Dakota from 2014 to 2017 and Cetera Investment Services LLC in Hawley, Minnesota from 2012 to 2017.

Brad Bakken Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

February 2022. “Claimant alleges unsuitable investment recommendations which resulted in losses.” The case is currently pending. The complaint was regarding real estate investment trusts (REITs) and direct investments and it took place while he was registered with Cetera Investment Services LLC.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Investment Services LLC may be liable for investment or other losses suffered by Brad Bakken’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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