Grant Christopher Birkley of Barrington Illinois a stockbroker formerly registered with SagePoint Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation during which time he was probed on making possible referrals to an outside money manager while registered with SagePoint Financial. Letter of Acceptance Waiver and Consent No. 2020067641401 (June 4, 2021).

According to the AWC, Birkley’s stockbroker registration with SagePoint Financial had been terminated founded on allegations that customers were referred to an unapproved asset manager by Birkley without authorization by the securities broker dealer. FINRA was notified of Birkley’s termination on August 19, 2020 which prompted its investigation into the stockbroker.

According to an April 13, 2021 request from FINRA, Birkley was supposed to provide documents and information relating to his referrals. On May 10, 2021, Birkley’s counsel relayed to FINRA that no documents or information would be provided by Birkley. This confirmed Birkley’s refusal to comply with FINRA’s requests which precluded the regulator from completing its investigation. Birkley violated FINRA Rules 2010 and 8210.

FINRA Public Disclosure confirms that Birkley has been referenced in two customer initiated investment related disputes regarding accusations of his harmful activities during the time that he was registered with SagePoint Financial. On August 13, 2020, a customer filed an investment related complaint regarding Birkley’s conduct where the customer sought $900,000.00 in damages supported by allegations that they received unsuitable recommendations from Birkley in regard to an outside investment fund that had not been approved by SagePoint Financial.

Birkley is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,430,000.00 in damages based upon accusations of a private investment fund being recommended by Birkley while he was associated with SagePoint Financial. FINRA Arbitration No. 20-02863 (Aug. 31, 2020). The claim alleges that the private transaction caused the customer to experience damages.

Birkley was registered with SagePoint Financial between November 17, 2017 and August 19, 2020.

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