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Investor Alleges Marie Baker Executed an Unauthorized Mutual Fund Purchase

Jan 5, 2023 Unauthorized Trading

Marie Baker (CRD #: 6218379), a broker registered with Raymond James Financial Services, allegedly made an unauthorized mutual fund purchase, according to her BrokerCheck record, accessed on December 26, 2022. Investors may have also worked with him through Raymond James Financial Services Advisors. Read on to learn more about her alleged conduct as a broker.

Investor Dispute

On November 1, 2022, an investor alleged that Marie Baker made an unauthorized purchase of a bond mutual fund. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an outside review before denying disputes. Investors can still seek out FINRA arbitration after a denial and may be able to recoup their losses.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which restricts brokers from exercising their trading discretion in pre-approved discretionary accounts.

Background Information

Marie Baker has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Marie Baker is a registered broker in 18 states and the District of Columbia. She is also a registered investment adviser in North Carolina and Texas.

She has also worked for Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Marie Baker and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.