Mark Lee Baggerly, of Daphne, Alabama, a stockbroker formerly registered with WFG Investments, Inc., is the subject of a customer initiated investment related arbitration claim on May 2, 2017, in which the customer requested $730,000.00 in damages based upon allegations that Baggerly made misrepresentations and omissions to the customer, and failed to conduct adequate due diligence in reference to private placement stock transactions placed in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Baggerly has been identified in six more customer initiated investment related disputes pertaining to allegations of his misconduct while employed with WFG Investments. Specifically, on December 5, 2016, a customer initiated investment related arbitration claim involving Baggerly’s conduct was settled for $250,000.00 in damages based upon allegations that Baggerly breached his fiduciary duties to the customer, made unsuitable investment recommendations, and made misrepresentations to the customer concerning stock transactions.
Between January 19, 2017, and May 1, 2017, five additional customer initiated investment related complaints concerning Baggerly’s wrongdoing have been filed, wherein customers have collectively sought $3,774,000.00 in damages based upon allegations that their investment purchases were induced by Baggerly’s misrepresentations. Customers additionally claimed that Baggerly failed to conduct a reasonable amount of due diligence regarding the investments that customers purchased.
Baggerly’s registration with WFG Investments, Inc. has been terminated as of August 8, 2016.
Guiliano Law Group
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