Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 13, 2016 indicate that former Wisconsin-based Robert W. Baird & Company broker Joseph Waldera is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Waldera (CRD# 3259898).
Joseph Waldera has spent sixteen years in the securities industry and was most recently registered with Robert W. Baird & Company in Onalaska, Wisconsin (1999-2016). He has no previous registrations. He is currently not registered with any state or firm.
According to his BrokerCheck report, Joseph Waldera has received one customer complaint and was recently discharged from Robert W. Baird & Company.
In July 2016 Joseph Waldera was terminated from his position at Robert W. Baird & Company following allegations involving “Failure to follow policies and procedures related to loans from clients.”
In July 2016 a customer alleged Joseph Waldera, while employed at Robert W. Baird & Company, “borrowed money from them and has not repaid according to the terms agreed upon.” The complaint settled for $25,396.
FINRA Rule 3240 forbids investment professionals like Joseph Waldera from borrowing from or lending to customers except under certain circumstances. If their member firm has policies and procedures governing client loans, they are permitted to do so; however, they are required to notify their member firm prior to entering into the arrangement, and they must usually receive prior approval. Brokers who fail to follow relevant procedures may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Joseph Waldera or Robert W. Baird & Company, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts every case on contingency: we only receive payment if and when you collect money. Time to file your claim might be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.