Alvery Bartlett investigation into oil and gas private placements
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Alvery Bartlett a registered representative formerly with Berthel Fisher and Company, now with Arête Wealth Management.
The pending customer dispute that gives rise to the investigation concerns a number of high risk private placements into oil and gas investments, as well as private equity, including Nytrox and the Alvery Bartlett Hedge Fund. Mr. Bartlett recommended these illiquid, high commission investments that were supposed to provide income and a safe return of principal. Instead, due to an over concentration into these programs, the customer suffered substantial losses. Among the investments at issue are: Atlas Oil and Gas, Noble Access Fund, PDC Energy, Strategic Energy Income Fund, and Waveland Drilling Partners.
Private placement investments entail significant risk, and are not suitable for all investors. In addition, it is not unusual to see fees of over 12-15% coming off the top, meaning that for every dollar invested, only 85 cents goes towards the project.
Alvery Bartlett registration and disciplinary history
In order to lawfully sell investments to the public, a broker dealer must either be registered or exempt from registration. FINRA maintains a database that the public can access to check the credentials of firms and their financial advisors. The website, also known as broker check has a listing for Alvery Bartlett, who was the subject of a customer complaint in 2015 over investments purchased as part of a 1031 exchange. The matter was settled for $25,000.
If you are the victim of investment fraud, or have had your account over concentrated in illiquid oil and gas private placements please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for the initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.