Vincent Bailey Allegedly Overconcentrated Alternative Investments

Vincent Bailey (CRD #: 1845517), a broker registered with Berthel, Fisher & Company Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 13, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 2, 2024, an investor alleged that Vincent Bailey failed to make a suitable recommendation and over-concentrated investor accounts in alternative private placements. 

Investors should know that this is the third investor dispute on his record. 

FINRA Rule 2111 – Unsuitable Overconcentration 

FINRA Rule 2111 prohibits unsuitable investment recommendations. Overoncenrated investments are often unsuitable because they expose the investor to unnecessary risk. Brokers are required to consider their investor’s risk tolerance when they make recommendations. 

Diversified portfolios expose investors to a broader swath of the market and lessen the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector. Investors who rely on brokers for recommendations may be able to recover losses following overconcentration by pursuing FINRA arbitration.

Background Information 

Vincent Bailey has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 62 Corporate Securities Limited Limited Representative Examination 
• Series 22 Direct Participation Programs Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in eight states. 

During his 32 years of experience, Vincent Bailey has registered with four firms: 

• Berthel Fisher & Company Financial Services (CRD #: 13609) 
• Continental Capital Investment Services (CRD #: 2864) 
• Aegon USA Securities (CRD #: 13302) 
• Consolidated Financial Investments (CRD #: 18810) 

Kurta Law Can Help 

If you worked with Vincent Bailey and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.