THOMAS MICHAEL LINN is currently employed as a Broker and/or Investment Adviser at ROBERT W. BAIRD & CO. INCORPORATED located at 777 EAST WISCONSIN AVE, MILWAUKEE, WI, 53202.
THOMAS MICHAEL LINN has worked at ROBERT W. BAIRD & CO. INCORPORATED since December 26, 1986
THOMAS MICHAEL LINN has 2 Disclosure Event(s).
Date: March 16, 2007 Category: Customer Dispute Allegations: AFTER SEVERAL WEEKS OF DISCUSSION WITH CLIENT REGARDING OPTION STRATEGY, CLIENT AND HIS WIFE (ALSO A CLIENT) FURTHER DISCUSSED AND AUTHORIZED IMPLEMENTATION OF OPTION STRATEGY WITH FA ON A MONDAY NIGHT AND AGAIN AUTHORIZED TUESDAY MORNING,PRIOR TO OPENING,EXECUTION OF STRATEGY WITH OPTION CONTRACTS WITH STRIKE PRICES CLOSEST TO MARKET PRICE OF UNDERLYING STOCK. MONDAY EVENING NEWS CREATED SIGNIFICANT DECLINE IN MARKET PRICE OF UNDERLYING STOCK BETWEEN MONDAY CLOSE AND TUESDAY OPENING. ON TUESDAY MORNING, PRIOR TO ENTERING THE ORDERS, FA INFORMED WIFE/CLIENT OF THIS OVERNIGHT NEWS AND THE MOVEMENT OF THE PRICE OF THE STOCK, AFTER WHICH SHE AUTHORIZED EXECUTION OF THE OPTION STRATEGY AT LOWER STRIKE PRICES CLOSE TO THE MARKET PRICE OF THE UNDERLYING STOCK. Damage Amount Requested: $300,000.00 Damages Granted: $5,000.00 Broker Comment: THE CLIENT'S DEMAND FOR RELIEF AT THE ARBITRATION EXCEEDED $226,311.00. THE ARBITRATION PANEL AWARDED THE CLIENTS $5,000.00 AND TAXED $6,412.50 IN COSTS AGAINST THEM, RESULTING IN NET AWARD OF -$1,412.50.
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