Vincent Bailey At Center Of Berthel Fisher Company Clients’ Misrepresentation Claims

Investors may have incurred losses because of securities broker Vincent Roland Bailey Sr. (also known as Vince Bailey) [CRD: 1845517, Batavia, Illinois], according to public information reported on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Vincent Bailey worked for Berthel Fisher Company Financial Services Inc. from March 31, 2003 to November 26, 2024. Read below to learn more about Vincent Bailey’s disclosures.

Berthel Fisher Company Financial Services Inc. Investor Accused Vince Bailey Of Unsuitable Recommendations

Particularly, on January 13, 2025, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 25-00062 about Vincent Bailey. Allegedly, Bailey made unsuitable recommendations, misrepresented investments, and overconcentrated the client’s account in oil and gas investments. Consequently, the client requested unspecified compensatory damages, believed to exceed $5,000, from Berthel Fisher or Bailey. Evidently, this arbitration is pending a resolution.

Berthel Fisher Company Financial Services Inc. Investor Accused Vincent Bailey Of Misrepresentation

Also, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 22-00977 about Vincent Bailey. Supposedly, Bailey overconcentrated accounts, made unsuitable recommendations, and made misrepresentations. Additionally, the client alleged that the broker failed to perform due diligence on the investments and supervise the securities brokers who recommended or sold real estate securities and oil and gas investments. Therefore, on August 1, 2023, Berthel Fisher Company Financial Services Inc. settled this matter by paying the client $42,619.05 in damages.

Vince Bailey Disclosed Failure To Supervise Allegations By Berthel Fisher Company Financial Services Inc. Client

Additionally, a client of Berthel Fisher Company Financial Services Inc. disputed Vincent Bailey’s sales practices in FINRA Arbitration No. 19-01305. Allegedly, Bailey made unsuitable recommendations, made misrepresentations, and failed to supervise certain securities brokers. It appears that Bailey caused the client to sustain damages connected to direct investments, oil and gas investments, and real estate securities. Consequently, Berthel Fisher Company Financial Services Inc. opted to settle the matter on December 16, 2020, by compensating the client in the amount of $50,000.00.

Vincent Bailey Faced Unsuitable Alternative Investment Allegations By Client

Evidently, a client of Berthel Fisher Company Financial Services Inc. contested Vincent Bailey’s sales practices in FINRA Arbitration No. 24-01311 on June 13, 2024. Mainly, the investor alleged that Bailey made unsuitable recommendations regarding alternative investments and private placements. Supposedly, the broker also overconcentrated the client’s account and misrepresented oil and gas investments and direct investments. Therefore, the client seeks compensation from Berthel Fisher or Bailey in the amount of $235,000 in this ongoing matter.

Have You Made Investments Through Securities Broker / Financial Advisor Bailey?

Did you suffer losses because of Vincent Bailey.? You can get in touch with Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney regarding a possible recovery. Soreide Law Group has recovered losses for investors located within the US. Also, the firm takes cases on a contingency fee arrangement and advances the costs. Bailey and brokerage firms Bailey worked for deny accusations of sales practice violations.