Christopher Bice Financial Advisor Complaints | Sagepoint Financial

Christopher Bice Financial Advisor Complaints | Sagepoint Financial

Our investment fraud attorneys at Haselkorn & Thibaut are investigating clients’ complaints involving stockbroker Christopher R. Bice of Sagepoint Financial. Bice’s BrokerCheck records show a number of pending FINRA investment fraud lawsuits, including two client disputes related to private placements.

The plaintiffs are seeking more than $2 million in damages and we believe there are many more clients that have claims. Call 800-856-3352 now and we’ll help you explore your legal options.

Christopher Bice Complaints

Christopher Bice‘s BrokerCheck Records has five disclosures, most of which were filed last year. One of these has been settled and the rest is still pending. Bice is a broker and investment consultant in Greensboro, North Carolina.

  • February 2020: Comparison between Claimant Notes and Sagepoint Financial on an inappropriate private placement recommendation. No final figure has been given.
  • July 2020: Plaintiff seeks $300K in damages for alleged unfitness in connection with private placements.
  • November 2018: Client seeks $1 million in damages for unfitness, overconcentration, failure to supervise, and misrepresentation. February 2018: Customer seeks $750K in damages for alleged excessive concentration, inadequate supervision, inadequacy, and misrepresentation.
  • April 2002: UBS PaineWebber terminates Bice’s employment as a broker with the company. Bice has worked in the industry for 21 years. His broker check records do not specify which private placements he sold to Sagepoint Financial, but a registered representative of a broker and trader recommended GPB Capital Holdings for a private placement to a client. Other brokerage firms with which Bice is registered include SunAmerica Securities, Centermark Advisory Services and AG Edwards & Sons.
  • February 2020: Comparison between Claimant Notes and Sagepoint Financial on an inappropriate private placement recommendation. No final figure has been given.
  • July 2020: Plaintiff seeks $300K in damages for alleged unfitness in connection with private placements.
  • November 2018: Client seeks $1 million in damages for unfitness, overconcentration, failure to supervise and misrepresentation. February 2018: Customer seeks $750K in damages for alleged excessive concentration, inadequate supervision, inadequacy and misrepresentation.
  • April 2002: UBS Painewebber terminates Bice’s employment as a broker with the company. Bice has worked in the industry for 21 years. His broker check records do not specify which private placements he sold to Sagepoint Financial, but a registered representative of a broker and trader recommended GPB Capital Holdings for a private placement to a client. Other brokerage firms with which Bice is registered include SunAmerica Securities, Centermark Advisory Services and AG Edwards & Sons.

Sales of GPB Capital Investigations

GPB Capital is accused of running a $1.8 billion Ponzi fraud. Over 17,000 investors suffered significant losses on GPB funds, and the brokers who sold them earned high commissions. GPB is facing fraud charges from the US Securities and Exchange Commission, and its founder and other executives have been indicted in a parallel criminal case.

Private placements are illiquid, risky investments that are not suitable for many investors. They are recommended to clients with risk tolerance, financial profiles, and investment objectives that may not be suitable for this type of product. This could lead to local investment losses, the investors claim.

Our private placement and fraud lawyers can help you determine whether you have a reason for an arbitration award from the Financial Industry Regulatory Authority (FINRA) to recover your losses. Call 800-856-3352 or contact us online.

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