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Meyer Wilson Investigates Alvery Bartlett for Alleged Unsuitable Investment Recommendations

Aegis Capital Broker Subject of Multiple Customer Disputes

Registered broker Alvery Anthony Bartlett is facing allegations of wrongdoing filed by multiple clients. According to a recently filed customer dispute, Bartlett is accused of making unsuitable recommendations, including investment in an illiquid, speculative alternative strategy that resulted in significant losses. Investors are requesting damages in the amount of $10 million.

At Meyer Wilson, our trial lawyers represent investors who have suffered financial harm due to stockbroker misconduct and investment fraud. We diligently review and investigate investor claims to determine the best course of legal action for each of our clients. If you invested with Alvery Bartlett and sustained losses, contact our office at (614) 532-4576 to schedule a free consultation. 

Settled Allegations of Wrongdoing Against Alvery Bartlett

Alvery Anthony Bartlett (CRD#: 13975) has five public disclosures, according to his BrokerCheck report. The report generated by the Financial Industry Regulatory Authority (FINRA) indicates that the first customer dispute was resolved in 2015 by clients alleging that investments Bartlett recommended and sold were unsuitable and that he misrepresented the potential risk. The claim was settled for $25,000.

In 2018, a second customer dispute alleging similar wrongdoing was settled for $450,000. The investor alleged that Bartlett made unsuitable recommendations and misrepresented material information. Furthermore, the client alleged that the firm, Berthel Fisher & Company Financial Services, Inc., failed to conduct adequate due diligence and failed to supervise its registered representative.

Two other disputes were settled against the broker in 2019 and 2020. Allegations again included unsuitability and misrepresentation. The more recent of the two also suggested that Bartlett’s investment strategy resulted in over-concentration. 

Recent Reports of Broker Misconduct

A pending customer dispute filed in April 2022 alleges that Bartlett recommended an unsuitable investment strategy and made misrepresentations to the clients. Accusations include that the strategy resulted in “large concentrations in illiquid, speculative, high-commission alternative investments.” The clients have requested $10 million in damages. 

Over his 39 years of experience, Bartlett has been employed with several firms, including Arete Wealth Management, LLC and Berthel, Fisher & Company. Many of the disputes arose while he was a registered representative of Berthel Fisher.

Did You Suffer Losses After Investing with Alvery Bartlett?

If you or someone you know sustained losses after investing with Alvery Bartlett, contact our office at (614) 532-4576 to discuss your legal options. Depending on the circumstances, you might be entitled to recover losses through FINRA arbitration or litigation. 

At Meyer Wilson, we have helped over 1,000 investors recover losses nationwide. We have secured in excess of $350 million and will work tirelessly to obtain a favorable outcome in your case. All consultations are free and confidential. Call now to speak directly with an experienced attorney. 

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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