$23.5 million

By the Numbers

Robert W. Baird & Co. Inc. has been ordered by the Financial Industry Regulatory Authority to pay $23.5 million to Wells Fargo Advisors LLC for “raiding” brokers from Wells Fargo’s Wichita, Kansas office and hiring them on at Baird.

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Robert W. Baird & Co. Inc. has been ordered by the Financial Industry Regulatory Authority to pay $23.5 million to Wells Fargo Advisors LLC for “raiding” brokers from Wells Fargo’s Wichita, Kansas office and hiring them on at Baird.

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