Did You Lose Money Because of Terry Bailey?
Filed: November 6, 2023
Terry Bailey has been the subject of three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Terry Lee Bailey.
Who Is Terry Lee Bailey of LPL Financial LLC?
- Advisor Name: Terry Lee Bailey
- Aliases: T Lee Bailey, Terry Bailey
- CRD: 1935959
- Location: Livermore and San Leandro, California
- Current Employer: LPL Financial LLC
- Previous Firms: Wells Fargo Advisors, LLC
- Number of Known Customer Complaints: 3
- Can Terry Bailey Be Sued: Yes, in Private Arbitration
- Can Terry Bailey’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $22,665.62
- Highest Settlement: $18,996.41
If you have suffered investment losses by Terry Bailey, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Terry Bailey For Broker Misconduct
As of this publication date, Terry Bailey has been the subject of 3 customer disputes. Let’s review them below.
In January 2020, a FINRA arbitration was filed against or in reference to Terry Bailey by multiple customers of LPL Financial LLC alleging that Mr. Bailey misrepresented the nature of recommended investment with respect to the market fluctuations of the value of principal before the subject investment matured. Per the customers, they lost over $18,996.41 because of Mr. Bailey’s actions. On May 22, 2020, Mr. Bailey settled the claim for $18,996.41, and some or all of this amount may have been paid by Mr. Bailey’s employer and/or insurance carrier.
In January 2016, a FINRA arbitration was filed against or in reference to Terry Bailey for allegedly failing to follow the client’s instructions to sell REIT held in her account. Per the customer, she lost over $22,665.62 because of Mr. Bailey’s actions. An arbitration panel found that Terry Bailey was negligent and awarded $2,500 in favor of the customers.
In December 2015, a complaint was filed against or in reference to Terry Bailey by a customer of Wells Fargo Advisors, LLC alleging that investing in mutual funds that were not appropriate for his needs.
How To File A Claim Against Terry Bailey of LPL Financial LLC (previously with Wells Fargo Advisors, LLC) To Get Your Money Back.
If you have questions about Terry Bailey, LPL Financial LLC, Wells Fargo Advisors, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.