Soreide Law Group is reviewing possible investor claims against securities broker Alvery Anthony Bartlett Jr. (CRD#: 13975, Saint Louis, Missouri). Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that at least 3 clients raised serious concerns about the securities broker, who worked for Berthel Fisher Company Financial Services between 1992 and 2016 and who presently works for Arete Wealth Management. Specifically, clients of Berthel Fisher indicate that Bartlett’s investments were unsuitable and misrepresented. Here is a brief summary of the troubling disclosures concerning Bartlett:
Alvery Bartlett Allegedly Misrepresents Information To Berthel Fisher Client
Evidently, a client of Berthel Fisher took aim at Alvery Bartlett through filing FINRA Arbitration #: 19-01943 on July 13, 2019. Allegedly, Bartlett executed unreasonable sales of oil and gas securities, real estate securities and BDCs. Not only that, but the securities broker seemingly falsified investment information. Moreover, it appears that Berthel Fisher neither supervised Bartlett nor performed due diligence on investments that he recommended. As a result, the client asked for $1,700,000 to $3,000,000 in compensation in this ongoing matter.
Client Indicates That Bartlett Sold Bad Alternative Investments
Apparently, a client of Berthel Fisher contested Alvery Bartlett’s actions by placing FINRA Arbitration #: 17-03515 on January 5, 2018. Allegedly, Bartlett did not factor in the client’s risk tolerance or some other aspect of the client’s investment profile when recommending investments. Allegedly, the securities broker also misrepresented investments. Moreover, Bartlett supposedly failed to do his due diligence on direct investments, oil and gas securities and real estate securities. Given the circumstances, Berthel Fisher settled this matter on February 18, 2020 by paying the client $450,000.
Alvery Bartlett Allegedly Fails To Perform Due Diligence On Alternative Investments
Furthermore, a Berthel Fisher client filed FINRA Arbitration #: 14-03867 concerning Alvery Bartlett. Supposedly, Bartlett processed transactions that the securities firm did not supervise. The client indicated that the broker sold misrepresented and unsuitable TICs and oil and gas securities. Because of this, on December 18, 2015, Berthel Fisher settled this dispute through a payment of $25,000 to the client.
Did Berthel Fisher Securities Broker Alvery Bartlett Sell You Bad Investments?
Have you experienced losses by investing with Alvery Bartlett? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers and brokerage firms.