- June 10, 2019
- Sagepoint Financial, Inc.
Christopher Bice is a Financial Advisor at Sagepoint Financial, Inc. in Greensborough, North Carolina. Christopher Bice entered the securities industry in 1999 and previously worked at Sunamerica Securities in Phoenix, Arizona.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Christopher Bice has four customer complaint disclosures and an employment termination from UBS Financial Services reflected on his CRD. Of the four customer complaint disclosures, two are pending:
- November 2018—Customer alleges “UNSUITABLE INVESTMENT RECOMMENDATIONS, INVESTMENT OVERCONCENTRATION, MISREPRESENTATION, AND FAILURE TO SUPERVISE.” The alleged damages are $1 million and the matter remains pending.
- February 2018—Customer alleges “UNSUITABLE INVESTMENT RECOMMENDATIONS, INVESTMENT OVERCONCENTRATION, MISREPRESENTATION, AND FAILURE TO SUPERVISE.” Alleged damages are $750,000 and the matter remains pending.
- August 2016—Customer alleges “ALLEGATION OF UNSUITABLE INVESTMENT.” The matter was settled for $10,000.
For a copy of Christopher Bice’s CRD, click https://brokercheck.finra.org/individual/summary/3222439#disclosuresSection
In addition, Christopher Bice was discharged by UBS in 2002 for allegedly directing an employee to sign a new account form on behalf of the client.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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