The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Alvery Bartlett. According to his publicly available FINRA BrokerCheck report, Alvery Bartlett has been the subject of multiple customer disputes over the course of his career.

Alvery Bartlett is a Missouri based securities broker. He has worked in the securities industry for thirty-six years. During his career, he has been registered with seven different securities firms.

His Registrations

  • Clayton Brokerage Co. of St. Louis (1981-1982)
  • Alvery Bartlett Brokerage Co. (1983-1990)
  • Derand/Pennington/Bass, Inc. (1990)
  • Mark Twain Brokerage Services (1990-1991)
  • The Bartlett Fund Management (1990-1992)
  • Berthel, Fisher & Company Financial Services (1992-2016)
  • Arete Wealth Management (2016-Present)

The Allegations

  • In January 2015, customers alleged that Alvery Bartlett made material misrepresentations and recommended unsuitable investments. This case was settled for $25,000 in damages.
  • In January 2018, a customer alleged that Alvery Bartlett recommended unsuitable investments. This case was settled for $450,000 in damages.
  • In August 2019, a customer alleged that investments he purchased between 2008 and 2012 on Alvery Bartlett’s recommendation were unsuitable and misrepresented. This case is currently pending. The customer is seeking an undisclosed amount in damages.

What Does This Mean?

Misrepresentation occurs whenever a securities broker makes any false assertion to an investor about an investment or potential investment. Misrepresentation can occur due to the broker’s own negligence, or through their intent to defraud the investor. Regardless if the broker makes material misrepresentations on accident or purpose, it can still cause significant financial harm to investors. This is because it often leads to investors making crucial financial decisions based on misinformation.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages. Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Alvery Bartlett, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.