The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct by California-based Robert W. Baird & Company broker/adviser Jonathan “Joe” Lee (CRD# 1792041).
Jonathan “Joe” Lee has spent 27 years in the securities industry and has been registered with Robert W. Baird & Company in Grass Valley, California since 2009. Previous registrations include Wachovia Securities in Grass Valley, California (1998-2009); Prudential Securities Incorporated in New York, New York (1992-1998); and Lehman Brothers in New York, New York (1988-1992). He is a registered broker and investment adviser in 23 US states and territories, including Arizona, California, Colorado, Florida, Illinois, Massachusetts, New York, Texas, Washington, and Wyoming.
According to his BrokerCheck report, Jonathan “Joe” Lee is the subject of one denied customer complaint and one pending customer complaint.
In 2014 a customer alleged Jonathan “Joe” Lee, while employed at Robert W. Baird & Company, made unsuitable investment recommendations. The customer is seeking unspecified damages in the pending complaint.
In 2013 a customer alleged Jonathan “Joe” Lee, while employed at Robert W. Baird & Company, recommended a mutual fund position that was unsuitable given her investment objectives. The customer sought unspecified damages in the complaint, which was denied.
FINRA rules as well as federal securities law require that brokers like Jonathan “Joe” Lee recommend only investments that are suitable for their customers. The suitability standard requires financial professionals to consider the client’s age, investment goals, investment experience, risk tolerance, net worth, and many other factors. Brokers may not misrepresent or omit material facts related to an investment, as misrepresentations or omissions might lead a client to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Jonathan “Joe” Lee, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.