Investor Alleges Terry Bailey Forged Signatures

Terry Bailey (CRD #: 1935959), a broker formerly registered with LPL Financial, allegedly forged client signatures, according to his BrokerCheck record, accessed on January 4, 2025. If you have questions about his alleged conduct as a broker, keep reading.

Investor Disputes

On December 17, 2024, an investor alleged that Terry Bailey forged client signatures on annuity purchase paperwork. The client seeks $200,000 in this pending dispute.

In a dispute filed on December 8, 2015, an investor alleged that Terry Bailey invested him in mutual funds that were not appropriate for his needs between April 21, 2015 and the day of filing. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review. You may still be able to recover damages after a denial by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult the investor’s profile, which contains information about their tax status, age, risk tolerance, and investing experience.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Terry Bailey has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Combined State Law Examination – Series 66
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• LPL Financial (CRD#:6413)
• Wells Fargo Advisors (CRD#:19616)
• Edward Jones (CRD#:250)
• Dean Witter Reynolds (CRD#:7556)
• McLaughlin, Piven, Vogel Securities (CRD#:7404)

Kurta Law Can Help

If you worked with Terry Bailey and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.