Can you recover investment losses due to recommendations by LPL Financial LLC broker Bernell Baker (CRD# 5493956)? He has been registered with LPL Financial LLC in Mountain, Utah, since 2012.
Bernell Baker Customer Complaints
He has been the subject of four customer complaints between 2013 and 2024, one of which was withdrawn, according to his CRD report:
March 2024. “Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.” The case is currently pending. The complaint was regarding real estate investment losses.
April 2016. “Customer alleges misrepresentation, suitability and poor recommendations.” The case was settled for $9,000. The complaint was regarding variable annuities.
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, LPL Financial LLC may be liable for investment or other losses suffered by Bernell Baker’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.
"*" indicates required fields
