Public records published by the Financial Industry Regulatory Authority (FINRA) on August 16, 2016 indicate that California-based Oppenheimer & Company broker/adviser Steve Baaden has been the subject of numerous customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Baaden (CRD# 1266766).
Steve Baaden has spent 32 years in the securities industry and has been registered with Oppenheimer & Company in Los Angeles, California since 2013. Previous registrations include Merrill Lynch in El Segundo, California; Citigroup Global Markets in El Segundo, California; UBS Financial Services in Weehawken, New Jersey; Bateman Eichler Hill Richards; and Coastal Securities Corporation. He is a registered broker and investment adviser with 22 US states and territories.
According to his BrokerCheck report, Steve Baaden has received six customer complaints and was discharged from Merrill Lynch.
In 2013, a customer alleged Steve Baaden, while employed at Merrill Lynch, executed unauthorized transactions to generate additional fees and commissions. The complaint settled for more than $11,000.
In 2013, a customer alleged Steve Baaden, while employed at Merrill Lynch, executed unauthorized trades. The complaint settled in 2013 for more than $25,400.
In 2013, Steve Baaden was terminated from his position at Merrill Lynch following “allegations of conduct resulting in the overcharging of certain clients.”
In 1994, a customer alleged Steve Baaden, while employed at PaineWebber, breached his fiduciary duty, breached contract, acted negligently, and misrepresented material facts. The complaint settled for $112,000.
In 1993, a customer alleged Steve Baaden, while employed at PaineWebber, breached his fiduciary duty and improperly managed accounts. The complaint settled in 1994 for $30,000, to which Mr. Baaden individually contributed $15,000.
In 1992, a customer alleged Steve Baaden, while employed at Painewebber, churned the account, breached his fiduciary duty, executed unauthorized trades, and made unsuitable recommendations. The complaint resulted in an award to the customer of more than $102,300.
In 1988, a customer alleged Steve Baaden executed an unauthorized purchase and sale. The complaint resulted in an award to the customer of $5,465.
If you have lost money investing with Steve Baaden, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.