DID VINCENT ROLAND BAILEY SR CAUSE YOU INVESTMENT LOSSES?
Vincent Bailey Sr Of Berthel, Fisher & Company Financial Services, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Vincent Bailey Sr of Berthel, Fisher & Company Financial Services, Inc.?
Vincent Bailey Sr (CRD #1845517) is a seasoned broker currently employed by Berthel Fisher & Company Financial Services, Inc., located in Batavia, Illinois, where he has been registered since March 31, 2003. Over his career, Bailey has been registered with multiple firms, gaining comprehensive experience in the industry. He holds licenses in 8 U.S. states and territories and has successfully passed four general industry/product exams and two multi-state securities law exams. His extensive qualifications highlight his deep engagement with the securities industry and commitment to maintaining a broad scope of expertise.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Vincent Bailey Sr Customer Complaints and Reviews
Vincent Bailey Sr. has several disclosure events noted in his FINRA report:
- Regulatory Event (Final): On May 19, 2009, the State of Illinois Department of Financial & Professional Regulation Division of Insurance finalized a regulatory action against Bailey, involving allegations of misleading representations and failure to properly identify on advertisements, resulting in a civil penalty of $5,000.
- Customer Dispute (Settled): A dispute filed on May 5, 2022, was settled on August 1, 2023. The claimants alleged unsuitable investment recommendations and a lack of due diligence by the firm from 2010 to 2015, involving oil and gas and real estate securities, with a settlement amount of $42,619.05.
- Customer Dispute (Settled): Another dispute filed on July 1, 2019, concerning investments made between 2007 and 2008 was settled on December 16, 2020, for $50,000. The claimants alleged unsuitability and misrepresentation related to direct investments in DPP, oil & gas, and real estate securities.
- Customer Dispute (Pending): A pending dispute filed on July 2, 2024, alleges that investments made from 2013 to 2015 were unsuitable and misrepresented, involving direct investments in DPP and oil & gas, with alleged damages of $180,000.
Allegations Against Vincent Bailey Sr
The specific allegations made against Bailey include:
- Misleading Representations and Identification Failures: Regulatory action by the Illinois Division of Insurance alleged that Bailey made misleading representations in insurance product advertisements.
- Unsuitable Investment Recommendations and Misrepresentations: Multiple customer disputes allege that Bailey recommended unsuitable investments in various high-risk sectors such as oil & gas and real estate, which were purportedly misrepresented to the clients.
- Lack of Due Diligence and Supervision by the Firm: Claimants have also pointed to a failure by Bailey’s employing firm to conduct adequate due diligence on the investments recommended by him and to supervise his activities effectively.
Vincent Bailey Sr Red Flags & Your Rights As An Investor
Of course, Vincent Bailey Sr did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Vincent Bailey Sr at Berthel, Fisher & Company Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Vincent Bailey Sr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Berthel, Fisher & Company Financial Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Berthel, Fisher & Company Financial Services, Inc. Due To Vincent Bailey Sr
If you have questions about Berthel, Fisher & Company Financial Services, Inc. and/or Vincent Bailey Sr and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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