Ronald Bailey – Financial Advisor/Broker Suspended by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Ronald Bailey a/k/a Ronald Coy Bailey CRD #6270312 is a previously licensed financial advisor with NYLIFE SECURITIES LLC (CRD#:5167). According to Ronald Bailey’s BrokerCheck Report, Robert Bailey was suspended by FINRA for 12 months on September 9, 2022.
Ronald Bailey Investigation
According to FINRA:
Ronald Bailey – Financial Advisor/Broker Suspended by FINRA. Ronald Bailey consented to the sanctions and to the entry of findings that he participated in an undisclosed private securities transaction. The findings stated that Bailey entered into an investment marketing agreement with a limited liability company (LLC), Golden Empire Seafood, LLC, in exchange for compensation from Golden Harvest Alaska Seafood, LLC of up to a 0.5 percent membership interest in the LLC.
In connection with these activities, Bailey distributed the LLC’s financial projections and other marketing materials to the potential investors and arranged investor meetings for the potential investors with the seafood processing company’s and the LLC’s management. Bailey solicited a customer at his member firm to invest $588,000.
Bailey did not notify or receive prior written approval from his firm to participate in this private securities transaction. In addition, Bailey attested during an annual compliance interview that he had not solicited any persons to make any investments other than in products offered by or through the firm.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Ronald Bailey and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Ronald Bailey’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for almost 40 years. Goodman & Nekvasil, P.A. has recovered more than $250 million on behalf of victimized investors. If you lost money on investments with Ronald Bailey and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained on 9/14/22 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.