Carlson Law Representing Clients of Kirk Badii and Independent Financial Group

Carlson Law, P.A. is representing clients of Kirk Badii, a Southlake, Texas financial advisor (CRD# 5829768) licensed with Independent Financial Group, doing business as Badii Financial Group. According to an arbitration filed by Carlson Law in October of this year, “Badii recklessly employed excessive leverage by taking out a loan against Claimant’s portfolio, amplifying risk and volatility. On top of this leverage, he further endangered the account by overconcentrating it in equities, many of which were high risk—turning what should have been a prudent and diversified investment strategy into a dangerously leveraged gamble.” The pending complaint alleges damages of approximately $2.73 million.

Mr. Badii’s BrokerCheck report discloses several prior investor complaints. An earlier investor complaint, filed in 2021, alleged that as a representative of UBS Financial Services, he mismanaged an elderly customer’s accounts by recommending unsuitable alternative investments whose risks he did not fully explain. In addition, the claimant alleged that he concentrated unsuitable investments in other accounts and made unapproved discretionary trades. In 2022 the complaint reached a settlement of $525,000.

A third investor complaint, filed in 2021, alleged that as a UBS Financial Services representative, he recommended “unsuitable and illiquid investments,” including an allegedly unsuitable options income strategy. In 2020 the complaint reached a settlement of $475,000.

According to the Financial Industry Regulatory Authority, Kirk Badii holds 14 years of securities industry experience. Based in Southlake, Texas, he has been registered as a broker and an investment advisor with Independent Financial Group since 2020, doing business as Badii Financial Group. His past registrations include Cantella & Company, Raymond James Financial Services, UBS Financial Services, and Credit Suisse Securities. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the General Securities Representative Examination, or Series 7. He holds 21 state licenses. (Information current as of November 30, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.