Jeff Bailey Involved in FINRA Investigation
Jeff Bailey (CRD# 3171436), a broker registered with Bailey & Company Securities, failed to disclose private securities transactions, according to a regulatory investigation. MDF Law is investigating the Brentwood, Tennessee-based financial professional for similar conduct. Current or former customers with concerns about their accounts should contact us for a free consultation.
To learn more about the investigation into Mr. Bailey, continue reading this post. The information below is based on a November 26, 2024 review of his BrokerCheck profile, a Financial industry Regulatory Authority record.
FINRA Recommends Disciplinary Action
On October 24, 2024, FINRA disclosed an investigation into Mr. Bailey’s activities. As his BrokerCheck profile reflects, the investigation concluded with a determination to recommend disciplinary action against him. The action would allege that he violated FINRA Rules 3280 and 2010 by failing to disclose private securities transactions. Mr. Bailey “is cooperating with the investigation,” according to the disclosure. “No final determination has been made by FINRA at this time.”
Understanding Private Securities Transactions
According to FINRA Rule 3280, private securities transactions are “any securities transaction outside the regular course or scope of an associated person’s employment with a member.” The rule prohibits brokers like Mr. Bailey from participating in such transactions unless they follow certain requirements. Perhaps most important is the requirement that they “provide written notice to the member [firm] with which he is associated.” This notice must include details about the proposed transaction, their involvement, and whether they will receive or have received selling compensation. In cases where the broker receives compensation, Rule 3280 requires them to obtain their member firm’s approval. In addition, the firm must document the transaction in its books and records.
What Is Bailey & Company Securities?
The website for Mr. Bailey’s member firm, Bailey & Company Securities, features a profile outlining his professional experience. As it reflects, he is the firm’s co-founder and managing partner. He established it in 2005 “to create a differentiated middle-market investment bank that achieves exemplary client outcomes through hard work and expertise,” the profile reads. “Since 2005, Bailey & Company has delivered for clients time and time again.”
FINRA: Broker Based in Brentwood, Tennessee
When Mr. Bailey registered with Burch & Company’s Brentwood, Tennessee office in 2009, he launched his career as a broker. He left Burch & Company in 2012 for Stillpoint Capital, where he remained until 2019. That year, he joined Bailey & Company’s office in Brentwood, Tennessee, where he remains today. With 14 years of experience as a broker, he has completed five industry exams, including the Series 62 and the Series 63.
Jeff Bailey Complaints? Contact MDF Law
If you lost money working with Jeff Bailey, you may be able to recover lost funds. The investor advocates at MDF Law have lengthy experience securing recoveries for the victims of broker fraud. We take cases on a contingency basis—clients only pay a fee if they win—and offer free consultations nationwide. Call 800-767-8040 to chat with a lawyer today.