According to a recent disclosure on his BrokerCheck profile, **Jeff Bailey**, a broker registered with **Bailey & Company Securities** in Brentwood, Tennessee, is under investigation by FINRA for allegedly failing to disclose private securities transactions, a violation of FINRA Rules 3280 and 2010. This type of misconduct, known as “selling away,” can have serious consequences for investors, exposing them to unsuitable investments and potential fraud.
The investigation into Mr. Bailey concluded with a recommendation for disciplinary action, though no final determination has been made yet by FINRA. Key details of the case include:
- Alleged violation of FINRA Rules 3280 and 2010
- Failure to disclose private securities transactions
- Mr. Bailey is cooperating with the investigation
Understanding the Risks of Undisclosed Private Securities Transactions
When brokers engage in private securities transactions without notifying their firm, it removes a critical layer of oversight and due diligence. This exposes investors to additional risks, as the firm isn’t monitoring the transactions for signs of fraud or misconduct. In fact, a study by the Stanford Law School found that one in thirteen financial advisors have a misconduct record, highlighting the importance of working with a trustworthy and transparent advisor.
Jeff Bailey’s Background and Employment History
According to FINRA’s BrokerCheck, **Jeff Bailey** has 14 years of experience as a broker and is currently registered with **Bailey & Company Securities**, where he’s worked since 2019. Prior to that, his career includes:
- Stillpoint Capital (2012-2019)
- Burch & Company (2009-2012)
Mr. Bailey’s BrokerCheck profile shows no other disclosures, complaints, or regulatory actions prior to the current FINRA investigation. However, if you’ve invested with Mr. Bailey and have concerns about your accounts, it’s crucial to review your statements closely and consider speaking with a legal professional experienced in broker misconduct cases.
Protecting Yourself from Investment Fraud and Misconduct
As an investor, it’s essential to remain vigilant and take steps to protect yourself from potential fraud or misconduct. Some key tips include:
- Work with a trustworthy, transparent financial advisor who keeps you fully informed about your investments
- Review your account statements regularly and ask questions if something seems amiss
- If a broker approaches you with an investment opportunity not offered by their firm, ask questions, request written information, and encourage the broker to provide the required written notice to their firm
- Trust your instincts and don’t invest until you can verify the legitimacy of the opportunity
- Don’t hesitate to seek a second opinion or contact a legal professional experienced in broker misconduct if you suspect wrongdoing
Remember, as famed investor Warren Buffett once said, “Risk comes from not knowing what you’re doing.” Educate yourself, stay engaged with your investments, and take action if your broker fails to provide the transparency you deserve.
If you have questions about the FINRA investigation into **Jeff Bailey** or concerns about your own investments with **Bailey & Company Securities**, I encourage you to review Mr. Bailey’s BrokerCheck profile and contact an experienced securities attorney for a free consultation. With the right knowledge and support, you can navigate these complex situations and protect your financial future.
