Category Archives: SagePoint Financial

Jerry Wells-Former Sagepoint Securities Broker-Discloses Customer Disputes & Regulatory Event-Rochester, NY

April 2021- Rochester, NY

According to publicly available records Jerry Michael Wells (CRD#1015358), a stockbroker previously registered with Sagepoint Financial,  discloses a regulatory event,  4 final customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In December of 2019, in  case #2016050018101, FINRA alleged that Wells had falsely represented that variable annuities purchases were not variable annuities replacements.   The findings stated that Wells completed and submitted variable annuities applications and disclosure forms that falsely represented that each recommended variable annuities would not replace or change one or more existing variable annuities.    The findings also stated that Wells caused his firm to maintain inaccurate books and records.  Sanctions ordered were a two month suspension and a $5,000 fine.

Three customer disputes were filed against Wells while he was employed with Metlife Securities.    These cases alleged that customer signatures were forged and misrepresentation.   These cases settled cumulatively for almost $24,000.

Wells worked with Metlife Securities from November 1990 until April of 2016 when he was discharged from employment following allegations that he did not disclose required information on new business applications and did not follow firm policy with respect to customer signatures on account documents.

Wells worked with Sagepoint Financial, Inc. from May of 2016 until December of 2019.

If you had an account with Jerry Wells that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Christopher “Cubby” Bice -Sagepoint Financial Broker-Discloses 3 Pending Customer Disputes and a Termination- Phoenix, AZ

April 2021- Phoenix, AZ

According to publicly available records Christopher  R. “Cubby” Bice (CRD#3222439), a stockbroker employed with Sagepoint Financial, Inc.  discloses three pending customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In July of 2020 a Sagepoint Financial, Inc. customer alleged that a real estate private placement was unsuitable and is seeking damages of $300,000.    FINRA Case 20-2400.

In November of 2018, a Sagepoint Financial, Inc. customer alleged unsuitable investment recommendations, investment over concentration,  misrepresentation and failure to supervise in connection with the purchase of an annuity.  The alleged damages are $1,000,000 . FINRA Case 18-3861.

In February 2018, a Sagepoint Financial, Inc., customer alleged unsuitable investment recommendations, investment over-concentration, misrepresentative and failure to supervise in connection with the purchase of an annuity and a real estate investment.    The alleged damages are $750,000 . FINRA Case 18-3592.

Earlier in his career, in April of 2002, Bice was terminated from employment with USB Paine Webber  after allegations that he had directed an employee to sign clients’ names to a new account documents.

Bice had been employed with Sagepoint Financial,Inc.  since 10/2005.    Before that he was employed by SunAmerica Securities, Inc,, Centermark Advisory Services, Inc., A.G Edwards & Sons and UBS Paine Webber, Inc.

If you had an account with Christopher “Cubby” Bice  of Bice Wealth Management that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jody Bowers-Former SagePoint Financial Broker-Subject of $6M Customer Suit Over ETF Investments-Abilene, TX

June 2019- Abilene, Texas

We are currently investigating former SagePoint Financial financial advisor Jody Bowers on behalf of an elderly widow living in North Texas, who anticipates filing a FINRA arbitration seeking damages on unsuitable investments, including:

  • Proshares Ultra VIX Short-Term Futures (UVXY)
  • Proshares Sht VIX St Futures Exchange Traded Funds (SVXY)

According to publicly available records , Jody Bryant Bowers ,  a  stockbroker who was last employed with Lowell & Company, and who operates JB Capital, LLC in Abilene,TX, disclose a pending  customer dispute and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 1/2018 a customer of Bower’s prior employers Sagepoint Financial and First Heartland Capital filed FINRA Case#17-03223 alleging an overconcentration of unsuitable exchange traded funds (ETFs). That case was settled in April 2019 for $375,000.

Jody Bowers prior employment includes Lowell & Co. 4/2013-6/2018; SagePoint Financial 10/2012-4/2014 and First Heartland Capital 8/2007-9/2012. Bowers was discharged by First Heartland Capital who alleged that Bowers entered into a business transaction with a client with written approval from the Heartland.

If you have questions about an investment account handled by Jody Bowers, contact us for a no charge consultation to learn how you may be able to recover damages for losses to your account through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Daniel Dillard- Sagepoint Financial Broker-Discloses Regulatory Event & Termination From Employment-Austin, TX

February 2019 – Austin, TX

According to publicly available records Daniel Dillard  (CRD#4289333) ,  a  stockbroker who is currently registered with Sagepoint Financial disclose a regulatory event , a termination from employment and a pending outstanding judgement.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 9/2015,  Dillard was suspended for 3 months and fined $5,000 to resolve allegations that he reused a third party’s signature on a form submitted to his  employer LPL Financial regarding payment of commissions.

According to the public information on Dillard’s  FINRA records he has an outstanding lien to the Internal Revenue Service of $59,428.

Dillard has been employed with Sagepoint Financial since April 2013.   He was with LPL Financial from July 2004 until 4/2013, when he was discharged for submitting an altered document regarding his commission split.

If you have questions about an investment account handled by Daniel Dillard, contact us for a no charge consultation to learn about your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Charles Geraci -Former VSR Financial Services Broker-Subject of $1.4M Customer Suits-Woodlands, TX

October 2018-The Woodlands, Texas

According to FINRA records, Charles Geraci a former VSR FInancial Services broker who is not currently registered with any brokerage firm, discloses two pending customer disputes and 7 prior customer disputes that have been resolved .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In currently pending FINRA Case #16-1180, a customer of VSR Financial Services alleges damages of $930,216 for negligent misrepresentation, breach of contract and unsuitable investments in equipment leasing, real estate securities, limited partnerships and other direct investments that were purchased from 11/2006-8/2009.

In currently pending FINRA case 16-2097,  a customer of VSR Financial Services alleges damages of $500,000 for unsuitable investments in private placements, limited partnerships and alternative investments including:

  • Behringer Harvard REIT I
  • Cole Credit Property Trust II
  • United Development Funding III
  • Cypress Income Fund VII
  • FS Investment Corporation
  • Odyssey Diversified Notes IX
  • Grubb & Ellis Healthcare
  • Canadian UIT

FINRA records indicate that Geraci was employed by VSR Financial Services 6/2008-1/2013 and then again 1/2014-7/2016. From 1/2013-12/2013 he was employed by Sagepoint Financial.

Geraci discloses business affiliations with C. Geraci & Company Wealth and Investment Advisor.

VSR Financial Services Problems with Alternative Investments

In July 2013, FINRA fined VSR Financial $550,000 for over concentrating   customer accounts with various  alternative investments. See this for more information.

During the past three years we have represented quite a few people seeking damages from VSR Financial Services  for losses suffered on investments made  in REITs, oil and gas partnerships, equipment leasing and other alternative investments. Follow this link for more information on our investigation into the sales practices of VSR Financial Services.

Many of these investments were purchased years ago and persons suffering damages from these investments should be aware that there are statutes of limitations and regulatory rules that may make it impossible to collect damages if claims are not brought in a timely manner. Victims who wish to pursue their claims should act now without further delay or risk losing valuable legal rights.

If you have questions about an account handled  by Charles Geraci or if you have losses in an account at VSR Financial Services, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870