Gilman Law LLP’s Naples Florida Office is investigating claims on behalf of clients investing with RW Baird’s broker Richard Stern. Mr. Stern made unsuitable investment recommendations to retirees to invest in Federated’s Prudent Bear Fund. Unfortunately for Stern’s clients, there is nothing prudent about this fund. It is a fund that aggressively shorts the stock market. Stern recommended this fund to retirees seeking income. Such a recommendation caused significant losses.
Gilman Law LLP’s Naples Florida Office is a leading securities law firm and is here to help you recover for losses sustained investing with Richard Stern at RW Baird. For a free evaluation of your case, please fill out our online form, or if you need to speak with an attorney right away CALL (1-239-221-8401).