Christopher R. Bice (also known as Cubby Rice) a stockbroker currently registered with Sagepoint Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that the customer had been placed into unsuitable private placements by Bice during the time that he was associated with Sagepoint. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00442 (Feb. 6, 2020).
FINRA Public Disclosure indicates that Bice has been identified in three additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed by Sagepoint Financial. On January 4, 2017, a customer initiated investment related arbitration claim regarding Bice’s conduct was settled for $10,000.00 in damages supported by allegations of the customer being inappropriately placed into a real estate security by Bice which caused the customer to experience losses. FINRA Arbitration No. 16-02268 (Jan 4, 2017).
On October 15, 2018, another customer filed an investment related arbitration claim in reference to Bice’s conduct where the customer sought $750,000.00 in damages based upon accusations that the customer’s account was not supervised by Sagepoint Financial and that misrepresentations were made to the customer concerning real estate securities and annuities. FINRA Arbitration No. 18-03592 (Oct. 15, 2018). According to the claim, the customer was overconcentrated in aggressive investments. The claim also alleges bad advice by Bice during the time that he was associated with Sagepoint Financial.
Bice is also the subject of a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages based upon allegations that the customer was provided with bad and unsupervised investment recommendations from Bice while he was registered at Sagepoint Financial. FINRA Arbitration No. 18-03861 (November 12, 2018). The claim alleges that false representations were made to the customer and that an excessive portion of the customer’s assets were placed in risky investments by Bice.
FINRA Public Disclosure confirms that Bice has also been discharged from prior securities broker dealer employer UBS founded on accusations of the stockbroker telling others to sign his customers’ names to investment account documentation. Bice has been employed by Sagepoint Financial since October 31, 2005.
