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Michael Bakker Allegedly Misrepresented Investments

Michael Bakker (CRD #: 1843121), a broker registered with Commonwealth Financial Network, allegedly misrepresented investments, according to his BrokerCheck record, accessed on March 15, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On February 22, 2023, multiple investors filed a dispute alleging that Michael Bakker misrepresented the terms of certain investments, leading to the clients being unable to annuitize them and to the loss of the clients’ principal.

The clients allege that this occurred between June 11, 2007, and April 27, 2018. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. The misrepresentation of material facts related to investments violates this rule.

Background Information

Michael Bakker has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Michael Bakker is a registered broker in 17 states and a registered investment adviser in New York.

He has also worked for the following firms:

  • Wells Fargo Clearing Services (CRD#:19616)
  • Wells Fargo Advisors (CRD#:19616)
  • First Union Brokerage Services (CRD#:8112)
  • M&T Securities (CRD#:17358)
  • BHCM (CRD#:34637)
  • GNA Securities (CRD#:10465)
  • NatWest Investor Services (CRD#:17434)
  • USLife Equity Sales Corporation (CRD#:7962)
  • Legend Capital Corporation (CRD#:4149)
  • Thomas James Associates (CRD#:15609)

Kurta Law Can Help

If you worked with Michael Bakker and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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. 

 

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