Advisor Alert: Our Attorneys Are Investigating Kenneth Gene Baize For Investment Fraud
Did You Lose Money Because of Ken Baize?
Filed: November 29, 2023
Ken Gene Baize (also known as Kenny Gene Baize and Kenneth Gene Baize) has been the subject of one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Kenneth Gene Baize.
Who Is Kenneth Gene Baize of LPL Financial LLC?
- Advisor Name: Kenneth Gene Baize
- Aliases: Ken Gene Baize, Kenneth G Baize, Kenny Gene Baize
- CRD: 5713738
- Location: Louisville, Kentucky
- Current Employer: LPL Financial LLC
- Previous Firms: American Capital Management, Inc., American Equity Investment Corporation, and Waddell & Reed
- Number of Known Customer Complaints: 1
- Can Kenneth Baize Be Sued: Yes, in Private Arbitration
- Can Kenneth Baize’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $68,317.87
If you have suffered investment losses by Kenneth Baize, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Ken Baize For Broker Misconduct
As of this publication date, Kenneth Baize has been the subject of 1 customer dispute. Let’s review it below.
In May 2023, a FINRA arbitration was filed against or in reference to Kenneth Baize by a customer of American Equity Investment Corporation alleging that on July 17, 2018, client purchased a $500,000 7 year bond with GWG Holdings. GWG Holdings defaulted on interest payments in February 2022 and filed for Chapter 11 bankruptcy reorganization in April of 2022. GWG has a court approved Joint Chapter 11 Plan with assets in a wind down trust. Per the customer, he/she lost over $500,000 because of Mr. Baize’s actions. On September 8, 2023, Mr. Baize settled the claim for $68,317.87, and some or all of this amount may have been paid by Mr. Baize’s employer and/or insurance carrier.
How To File A Claim Against Ken Baize of LPL Financial LLC (previously with American Capital Management, Inc., American Equity Investment Corporation, and Waddell & Reed) To Get Your Money Back.
If you have questions about Kenneth Baize, LPL Financial LLC, American Capital Management, Inc., American Equity Investment Corporation, Waddell & Reed, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.