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Cubby Bice Embroiled in Investor Disputes Totaling Over $2 Million

Jul 23, 2021 Investor Disputes

Cubby Bice (CRD #: 3222439), a broker registered with Sagepoint Financial, is facing allegations of unsuitable investment recommendations, according to his BrokerCheck record, accessed on July 9, 2021. Investors may have worked with Bice through Bice Wealth Management.

Cubby Bice: Pending Investor Disputes

Investors are seeking over $2,000,000 in damages.

On July 9, 2020, an investor alleged that Cubby Bice recommended unsuitable private placements. Private placements are high-risk because it is difficult to know their true value. The investor is seeking $300,000; the dispute is pending.

On November 12, 2018, an investor alleged that Bice recommended unsuitable investments, over-concentrated investments, and misrepresented certain securities. The investor is seeking $1,000,000; the dispute is pending.

On February 9, 2018, an investor alleged that Bice recommended unsuitable investments, over-concentrated certain securities, and made misrepresentations. The investor is seeking $750,000; the dispute is pending.

Settled Investor Disputes

On February 6, 2020, an investor alleged that Bice recommended the purchase of unsuitable private placements. The dispute settled for $350,000.

Terminated By UBS Paine Webber

On April 12, 2002, UBS Paine Webber fired Cubby Bice following allegations that he directed an employee to sign clients’ names to a new account form.

Cubby Bice Background Information

Bice has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

He is a registered broker in 25 states and a registered investment adviser in 20 states.

Bice has worked for the following firms:

  • Sagepoint Financial (CRD #: 133763)
  • SunAmerica Securities (CRD #: 20068)
  • Centermark Advisory Services (CRD #: 125376)
  • G. Edwards & Sons (CRD #: 4)
  • UBS Painewebber (CRD #: 8174)

Kurta Law Can Help

If you worked with Cubby Bice and you have concerns about unsuitable investments, contact Kurta Law today. Call 212-658-1502 or email jkurta@kurtalawfirm.com.