Former Seattle, Washington financial advisor William Sandeman (CRD# 831384) was recently sanctioned and barred in connection with alleged rule violations....
Read MoreAlvery Bartlett: Complaints Against Clayton, Missouri Financial Advisor
Settled and pending investor complaints against Clayton, Missouri broker Alvery Bartlett (CRD#: 13975) allege conduct including suitability violations and misrepresentations of material facts. Bartlett is a representative of Arete Wealth Management, according to information drawn from Financial Industry Regulatory Authority records.
A pending July 2019 complaint alleges that as a representative of Berthel & Fisher Company Financial Services, Alvery Bartlett misrepresented and recommended unsuitable investments in DPP and LP interests, oil and gas securities, real estate securities, and a business development company. The complaint alleges damages between $1.7 million and $3 million.
A pending 2018 complaint alleges that as a representative of Berthel & Fisher Company Financial Services, Alvery Bartlett made unsuitable investment recommendations and misrepresented material facts related to DPP and LP interests, oil and gas products, real estate securities, and hedge fund and private placement investments. The complaint alleges damages of $6,637,918.
A pending 2018 complaint alleges that as a Berthel & Fisher representative, Alvery Bartlett misrepresented material facts and made unsuitable investment recommendations between 2012 and 2014. The complaint alleges damages of $3,394,000.
A 2015 complaint alleged that as a Berthel & Fisher representative, he made misrepresentations of material facts and recommended unsuitable investments in tenant-in-common and oil and gas products. The complaint reached a settlement of $25,000.
Alvery Bartlett has been registered as a broker with Arete Wealth Management in Clayton, Missouri since 2016. His employment history includes Berthel Fisher & Company Financial Services in St. Louis, Missouri; the Bartlett Fund Management Company; Mark Twain Brokerage Services; Derand/Pennington/Bass; Alvery Bartlett Brokerage Company; and Clayton Brokerage Company of St. Louis. He currently holds 21 state licenses and has passed five securities industry qualification examinations: Uniform Securities Agent State Law Examination, or Series 63; Securities Industry Essentials Examination, or SIE; Interest Rate Options Examination, or Series 5; Registered Representative Examination, or Series 1; and General Securities Principal Examination, or Series 24.
