Former Robert W. Baird Recruiter Files Lawsuit Against Firm

Posted on October 18th, 2018 at 2:08 PM
Former Robert W. Baird Recruiter Files Lawsuit Against Firm

From the Desk of Jim Eccleston at Eccleston Law LLC:

A former Robert W. Baird recruiter has filed a lawsuit in Colorado state court against his former firm for failing to pay him commissions, discriminatory and unfair employment practices, and breach of the covenant of good faith and fair dealing.

According to the complaint, the recruiter alleges that Baird owes him at least $4 million for never compensating him for securing a pipeline of potential recruits for the firm before he was unexpectedly terminated in August. In addition, the recruiter asserts that Baird clawed back $157,000 in the form of bonuses owed to him and failed to compensate him for an arrangement he had made with a branch manager where he would split the manager’s upfront bonus for recruiting a highly sought-after Morgan Stanley broker.

However, Baird disputes the allegations made against the firm and claims that the recruiter was terminated only because management lost confidence in him and that he undermined management by telling his fellow employees that he planned to resign from Baird.

The recruiter in his complaint disputed Baird’s reasoning for his termination and emphasized that just six months before he was terminated he had received a certificate of appreciation from the firm.

In his complaint, the recruiter is seeking compensatory damages, civil penalties, interest, and attorneys’ fees under Colorado’s Wage Claim Act.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, lawsuit, litigation news

Return to Archive



As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.


August 12, 2022
SEC Charges J.P. Morgan, UBS, and TradeStation for Deficiencies Pertaining to the Prevention of Customer Identify Theft

The Securities and Exchange Commission (SEC) has charged J.P. Morgan Securities, UBS Financial Services, and TradeStation Securities over deficiencies in their programs designed to prevent client identify theft, which violates the SEC’s Identity Theft Red Flags Rule, or Regulation S-ID.

August 11, 2022
FINRA Suspends Former Schwab Advisor for Failing to Disclose Felony Charges

The Financial Industry Regulatory Authority (FINRA) has suspended a former Charles Schwab advisor who allegedly failed to disclose multiple felony charges.

August 10, 2022
UBS Wealth Group’s Legal Costs Skyrocket in Q2

UBS Wealth’s litigation expenses have substantially spiked in the second quarter as the firm has faced a host of investor complaints and regulatory probes into UBS’ volatile Yield Enhancement Strategy (YES).