- June 20, 2018
- Broker Discipline
- Unsuitability
The Wolper Law Firm is currently investigating claims against Alvery Bartlett, A Financial Advisor at Arete Wealth Management in Clayton, Missouri.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in 2018, two (2) customer complaints were filed against Alvery Bartlett. The first customer complaint, filed in January 2018, alleges that Alvery Bartlett made unsuitable investment recommendations that resulted in damages of more than $3.9 million. The second complaint, filed in March 2018, also alleges that Alvery Bartlett made unsuitable investment recommendations. The alleged damages in the March 2018 exceed $6.4 million. Both complaints remain pending.
A third customer complaint was filed against Alvery Bartlett in 2015 and was settled.
https://brokercheck.finra.org/individual/summary/13975
Brokerage firms are required by regulation to supervise the Financial Advisors they employ. The failure of a brokerage firm to properly supervise its Financial Advisors imposes liability on the brokerage firm for investment losses caused by the Financial Advisor’s misconduct.
If you or someone you know was a customer of Alvery Bartlett and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]