Last Updated: February 2025 (Clayton, MO)
National securities fraud lawyers at Patil Law, P.C are investigating former AEGIS Capital Corp. broker Alvery A. Bartlett Jr. (CRD #13975) regarding allegations of unsuitable investment recommendations, misrepresentation, and over-concentration in high-commission alternative investments. The investigation stems from multiple customer complaints and regulatory actions, including a recent Missouri Securities Division action resulting in suspension.
Critical Insights About Clayton Financial Advisor Alvery A. Bartlett Jr.
- Advisor Name: Alvery A. Bartlett Jr.
- CRD: 13975
- Location: Clayton, MO
- Current Status: Not Currently Registered
- Most Recent Employer: AEGIS Capital Corp. (2020-2023)
- Customer Disputes: 8 Total (3 Pending, 5 Settled)
- Regulatory Actions: 1 Final Action by Missouri Securities Division
- Years of Experience: Since 1968
- Previous Employers: AEGIS Capital Corp. (2020-2023), Arete Wealth Management (2016-2020), Berthel Fisher & Company Financial Services (1992-2016)
- Professional Qualifications: Series 4, 24, 7, 63, and other licenses
- Business Names: Alvery Bartlett Group, Alvery Bartlett Fund Management Company
Details of Current Investigations
Recent regulatory and customer complaints allege:
- Failure to comply with heightened supervision requirements (Missouri Securities Division)
- Over-concentration in illiquid, high-commission alternative investments
- Misrepresentation of investment risks and characteristics
- Unsuitable investment recommendations
- Failure to conduct adequate due diligence
- Multiple customer complaints with settlements exceeding $3.3 million
Analysis of Alleged Misconduct
The allegations raise serious concerns about:
- Investment concentration practices
- Risk disclosure procedures
- Due diligence standards
- Supervision compliance
- Client communication practices
- Alternative investment sales practices
- Regulatory compliance
Regulatory Framework and Investor Protection
FINRA Rules Violations
- FINRA Rule 2111 (Suitability)
- FINRA Rule 2010 (Standards of Commercial Honor)
- FINRA Rule 3110 (Supervision)
SEC Regulations
- Regulation Best Interest violations
- Disclosure obligations
- Due diligence requirements
- Client communication standards
Professional Background
Mr. Bartlett’s career spans over 50 years in the securities industry, including:
- Multiple firm transitions
- Extensive alternative investment sales
- History of customer complaints
- Recent regulatory actions
- Operation of multiple business entities
Red Flags for Investors
- Multiple settled customer complaints with significant monetary settlements
- Recent regulatory suspension
- Pattern of alternative investment sales
- History of supervision issues
- Multiple pending customer disputes
- Significant damage allegations
- Complex investment products
- Multiple firm transitions
Implications for Current and Former Clients
Current and former clients should:
- Review all investment documentation
- Examine portfolio concentration
- Verify investment suitability
- Document all communications
- Consider independent review
- Assess risk tolerance alignment
- Review account statements
- Examine fee structures
Patil Law P.C. Will Help You Recover Your Investment Losses
If you invested with Alvery A. Bartlett Jr. at any of his former firms, including AEGIS Capital Corp., Arete Wealth Management, or Berthel Fisher & Company Financial Services, our investment fraud attorneys can help evaluate your legal options. Significant settlements have already been achieved for other investors.
Contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
