SagePoint Financial, Inc. Investment Attorney

The law offices of Gana LLP represents investors that have disputes with their brokers or brokerage firms, such as SagePoint Financial, Inc (SagePoint). Many investors do not realize there are steps that can be taken to recover losses as a result of securities misconduct. There are many different types of securities related misconduct including failure to supervise, false representations, unsuitable investment products such as private placements, penny stocks, and non-traded REITs. The attorneys at Gana LLP can analyze your investment accounts and determine if there was actionable misconduct by the financial advisor or brokerage firm.

SagePoint is affiliated with, under common control, or otherwise performs business under the company names AIG Financial Advisors, Inc., Fiduciary First

SagePoint – By the Numbers:

  • CRD# 133763
  • SEC# 8-66771
  • 8 Regulatory Events
  • 6 Customer Complaints
  • Total Revenues: $236 million - 2012
  • Total Client Assets: $33 billion - 2013
  • Representatives: 1,718 - 2013

SagePoint – In the News:

In re SagePoint Financial Services, Inc . – Secretary of State of Missouri ordered Sagepoint Financial Services, Inc., to pay full restitution to investors that were victimized by a former broker of the firm concerning allegations that the firm failed to properly supervise a former agent. According to the state of Missouri the broker stole his clients’ money for personal use. According to the settlement’s details, the former Sagepoint broker solicited at least 12 clients of Sagepoint and its predecessor firm, including a 93-year-old client, to invest in private securities transactions connected with Gateway Financial Resources (GFR) a fictitious company.

FINRA v. SagePoint Financial Services, Inc., AWC No. 2007019919 FINRA fined SagePoint $300,000 concerning allegations that between November 2003, and August 2008, approximately 3,925 employees of a California County Office of Education (CCOE) were enrolled into a deferred compensation program through the firm's registered representatives. As part of the enrollment process, FINRA found that the brokers offered detailed asset allocation advice and provided specific investment recommendations. However, FINRA found that the firm's written supervisory procedures did not require that the brokers enrolling the participants to record the customers' investor profile information on a customer account application or maintain customer files. As a result, FINRA found that SagePoint did not maintain or preserve records that would allow supervisory or other review of the broker’s recommendations to determine whether they complied with the suitability rule.

The attorneys of Gana LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.