Avi Bailo, Broker with Arete Wealth Management, Named in Customer Disputes Alleging Unsuitable Investment Recommendations

INVESTORS: Arete Wealth Management broker Avi Bailo was named in customer disputes alleging unsuitable investment recommendations.

Avi Bailo (CRD: 6165479) is registered as a broker and investment adviser with Arete Wealth Management where he’s been employed since 2013. 

Bailo has four disclosures on his BrokerCheck report. 

January 2023 Customer Dispute

Status: Pending

Allegations: Client alleges unsuitable investment recommendations in June 2017.

Damage Amount Requested: $118,000.00

December 2022 Customer Dispute

Status: Pending

Allegations: Client alleges unsuitable investment recommendations between December 2018 and November 2020.

Damage Amount Requested: $160,000.00

October 2022 Customer Dispute

Status: Pending

Allegations: Customer alleges unsuitable investment recommendations.

Damage Amount Requested: $50,000.00

June 2022 Customer Dispute

Status: Pending

Allegations: Client alleges unsuitable investment recommendations in June and October 2020.

Damage Amount Requested: $60,000.00

Broker Comment: This complaint is without merit, and I deny the allegations made in this case as I did not solicit this transaction. This client learned about the investment at issue through another investment source prior to becoming my client. He specifically requested to make this investment only, and refused to consider any other investments, despite my recommendation to diversify. I intend to defend against these frivolous claims

The Sonn Law Group is currently investigating allegations surrounding Avi Bailo. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.