Troy Baily, previously with SagePoint Financial, Suspended by FINRA
Have you lost money with financial advisor Troy Baily? We are looking into allegations made about Troy R. Baily from Omaha, Nebraska. FINRA (the Financial Industry Regulatory Authority) suspended Baily from the securities industry for six months and fined him $5,000. FINRA was investigating Baily after he allegedly did not disclose private securities transactions. Baily has been alleged to have sold investments in Future Income Payments (FIP), and investors have suffered significant losses in FIP.
Troy Baily was a financial advisor and registered representative of SagePoint Financial from November 2016 to March 2018. He worked in branch offices in Omaha, Nebraska.
Brokerage firms like SagePoint Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including Nebraska. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against SagePoint Financial.