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Troy Baily Formerly With SagePoint Financial Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Troy Baily formerly with SagePoint Financial?

Troy Baily (CRD #4458930) who was formerly registered with SagePoint Financial and located in Omaha, Nebraska is a subject of one of our many securities industry sales practice abuse investigations.

Troy Baily has also been the subject of a FINRA investigation in which he consented to the sanctions and entry of findings that he engaged in undisclosed and unapproved private securities transactions in Future Income Payments, LLC (FIP).  As a result, Troy Baily consented to a six-month suspension and $5, 000 fine for his alleged activity.

Troy Baily Customer Complaints

Troy Baily has been the subject of 2 customer complaints that we know about. One of Troy Baily’s 2 customer complaints was settled in favor of investors. One of Troy Baily’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Troy Baily

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • The customer alleged that after he declined to purchase New York Life investments, Ronald Bailey promised a 10% dividend on an investment in a seafood company. The client further alleged that the company became insolvent and he lost his initial investment.
  • The customer alleged that several products recommended by Ronald Bailey had been misrepresented. These products include two variable universal life insurance products issued and four variable annuities issued.

Troy Baily Red Flags & Your Rights As An Investor

Of course, Troy Baily 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 Troy Baily at SagePoint Financial on alert to review carefully the activity and performance of their accounts and question whether Troy Baily has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at SagePoint Financial 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.

File A Claim To Recover Your Investment Losses At SagePoint Financial Due To Troy Baily

If you have questions about SagePoint Financial and/or Troy Baily 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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