Andrew Baker (Andrew John Baker) is a broker registered with Independent Financial Group since 2012. Since 2021, he is also a registered investment adviser with Independent Financial Group.
Peiffer Wolf is currently investigating claims against Andrew Baker for his recommendation of REITs, variable annuities, and other alternative investments.
Andrew Baker has been registered with Independent Financial Group Since 2012. While Andrew Baker has no disclosures, according to FINRA’s BrokerCheck website for Public Disclosures, Independent Financial Group has 10 disclosures, 9 of which are Regulatory. The more notable disclosures for Independent Financial Group are as follows:
April 2021 – Regulatory – Final. Initiated by Texas; Sanctions: Civil and Administrative Penalties / Fine(s). Allegations Include failure to have specific training regarding non-traditional ETFs and failure to have a supervising system in place.
April 2021– Regulatory – Final. Initiated by FINRA; Sanction: Monetary/Fine of $200,000. Allegations include “failure to reasonably supervise registered representative’s recommendations of alternative investments”.
July 2020 – Regulatory – Final. Initiated by South Dakota; Sanctions: Monetary/Fine. Allegations include failure to “properly review and/or evaluate the outside business activity request by a former registered agent”.
September 2019 – Regulatory – Final. Initiated by the Securities and Exchange Commission; Sanctions: Censure, Disgorgement/Restitution, Cease and Desist/Injunction. Allegations include breach of fiduciary duty.
Prior to the Independent Financial Group, Baker was registered with Cadaret, Grant & Co., New England Securities, and MML Investors Services.
If you invested with Andrew Baker of Independent Financial Group, contact Peiffer Wolf immediately for a FREE Consultation.
To review Andrew Baker‘s Brokercheck report, click here:
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Based on our experience, we believe that there are investors who may have been the victim of Andrew Baker‘s alleged broker misconduct and investment fraud. If you invested with Andrew Baker, you should contact Peiffer Wolf immediately for a FREE Consultation.
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating Andrew Baker’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation.