Erez Law is currently investigating Robert W. Baird & Co. Incorporated financial advisor Patrick Powell (CRD# 1041980) regarding unsuitable investments. Powell has been registered with Robert W. Baird & Co. Incorporated in Racine, Wisconsin since 1996.
Powell has been the subject of one customer complaint, according to his CRD report:
November 2017. “Client of Financial Advisor Mr. Powell supervised alleges the investments in their accounts were unsuitable.” The customer is seeking $2.8 million in damages and the case is currently pending.
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, Robert W. Baird & Co. Incorporated may be liable for investment or other losses suffered by Powell’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.