{"id":19314,"date":"2020-10-23T15:11:28","date_gmt":"2020-10-23T20:11:28","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19314"},"modified":"2020-10-26T15:11:57","modified_gmt":"2020-10-26T20:11:57","slug":"future-income-payments-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/future-income-payments-securities-fraud\/","title":{"rendered":"Ex-SagePoint Financial Broker Troy Baily Sold Future Income Payments Securities to Investors"},"content":{"rendered":"

FINRA Suspends Nebraska Stockbroker Who Marketed An Alleged $300M Ponzi Scam to Customers<\/span>\u00a0<\/span><\/h2>\n

Troy Robert Baily, a former SagePoint Financial broker, has been suspended by the Financial Industry Regulatory Authority (FINRA) for six months. Baily, who is also a previously registered investment advisor, is based in Nebraska.\u00a0<\/span><\/p>\n

The suspension comes in the wake of allegations that Baily took part in unapproved and undisclosed private transactions and persuaded customers to invest in <\/span>Future Income Payments<\/span><\/a> (FIP), which federal prosecutors now say was a $300M Ponzi scam.<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

FINRA Suspends Nebraska Stockbroker Who Marketed An Alleged $300M Ponzi Scam to Customers\u00a0 Troy Robert Baily, a former SagePoint Financial broker, has been suspended by the Financial Industry Regulatory Authority (FINRA) for six months. Baily, who is also a previously registered investment advisor, is based in Nebraska.\u00a0 The suspension comes in the wake of allegations […]<\/p>\n","protected":false},"author":2,"featured_media":19315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3777,3792],"tags":[3106,2872,4161],"class_list":["post-19314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-inadequate-supervision","category-ponzi-scams","tag-future-income-payments","tag-ponzi-scam","tag-sagepoint-financial"],"yoast_head":"\nEx-SagePoint Financial Broker Sold Future Income Payments | SSEK Law<\/title>\n<meta name=\"description\" content=\"An ex-SagePoint Financial broker has been suspended for selling Future Income Payments securities to investors without consent. 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