Alvery Bartlett Jr. — Customers File More Complaints after Regulatory Sanctions
According to his FINRA broker record, financial advisor Alvery Bartlett Jr. (CRD # 13975) formerly registered with Aegis Capital Corp., has reportedly had several customer complaints filed against him. Bartlett is reportedly not currently registered as a broker.
In February 2023, and April 2022, Bartlett was reportedly the subject of two complaints, each alleging $10 million in damages. One arbitration was reportedly filed by multiple claimants that allege the representative recommended an investment strategy consisting of large concentrations in illiquid, speculative, high commission alternative investments for over 15 years (approximately 2001-2016) which was purportedly misrepresented to them.
“In addition, certain claimants allege that the representative engaged in questionable conduct relating to a private hedge fund and various business ventures. They further allege the firm failed to conduct due diligence on the alternative investment strategy and failed to supervise the representatives conduct.
After the representative left the Firm in August 2016, the claimants followed him to his next broker-dealer where they allege the representative continued to defraud and induce Claimants to do business with him. Claimants allege that the representative continually misled them as to the value of the Alternative Investment Strategy Holdings until the time they stopped working with him between 2017-2021 (depending upon the date each claimant ended their relationship with him).”
Regulators Sanction Alvery Bartlett
From September 1, 2020 to September 1, 2022 Bartlett’s Missouri broker-dealer agent registration was subject to the condition of heightened supervision, according to his broker record. During the relevant period, he reportedly received notice of an investor complaint while his registration was under the condition of heightened supervision. The Registration Section reportedly did not receive notice of the complaint per requirements of heightened supervision; consequently he reportedly did not successfully complete the two-year term of heightened supervision.
FINRA BrokerCheck: Alvery Bartlett Jr.
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his FINRA BrokerCheck report, Alvery Bartlett Jr. has eight (8) complaints filed against him. Allegations include Fraudulent Non- Disclosure, Breach of Fiduciary Duty, Breach of Contract, Doctrine of Continuous Advice or Continuum of Negligent Advice, Fraudulent Misrepresentation, Negligent Misrepresentation , Constructive Fraud, Detrimental Reliance, Fraudulent Inducement to hold Investments, among others.
06/16/2020 – 06/01/2023 AEGIS CAPITAL CORP. (CRD#:15007) CLAYTON, MO
08/09/2016 – 06/16/2020 ARETE WEALTH MANAGEMENT, LLC (CRD#:44856)Clayton, MO
01/02/1992 – 08/09/2016, BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. (CRD#:13609) ST. LOUIS, MO
Red Flags and Failure to Supervise
When financial advisors engage in unethical or fraudulent practices, such as misrepresenting investments, unauthorized trading, or misusing client funds they can be held responsible for investment losses. FINRA-registered broker-dealers have a duty to supervise their brokers to prevent such misconduct. If the firm fails to supervise its brokers properly, it can be held liable through FINRA arbitration.
Class Action Lawsuit vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class action lawsuits as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
FINRA Lawsuits
If you have suffered investment losses with Alvery Bartlett Jr. and Aegis Capital, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including Missouri.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: April 14, 2025
