Michael Collins, formerly with Robert W. Baird & Co., Suspended from Securities Industry
Have you lost money with financial advisor Michael Collins from Chicago, Illinois? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Michael Jason Collins. FINRA suspended Collins from the securities industry for five months and fined him $10,000. Collins was being investigated regarding allegations that recommended private securities transactions to 15 individuals, some of which were customers of his former brokerage firm, Robert W. Baird & Co. The investments were made in an LLC that invested in a restaurant which closed after nine months.
Michael Jason Collins was a registered representative and financial advisor with Robert W. Baird & Co. from October 2010 to October 2016. He worked out of a branch office in Chicago, Illinois. He has also been affiliated with Kingsbury Capital Investment Advisors and Valence Partners LLC.
Broker-dealers like Robert W. Baird & Co. have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois and throughout the Chicago area. Attorney David Neuman is licensed to practice law in Illinois, he grew up in Addison, Illinois and also lived for many years in the Chicago area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Robert W. Baird & Co.
Click to view: Collins, Michael FINRA AWC
Click to view: Collins, Michael BrokerCheck 11.19.19
If you have lost money with Michael Collins and Robert W. Baird & Co., and want to hear about ALL legal options, CONTACT ISRAELS & NEUMAN at 720-599-3505.