Last Updated: August 2025 – Plano, TX
Here’s what you need to know about Plano, TX, former stockbroker Beliveau Bays:
- Name: Beliveau Bays
- CRD Number: 6034987
- Current Status: Barred by FINRA from acting as a broker
- Function: Stockbroker / Financial Advisor
- DBA: Bays Capital Management, TCFG Investment Advisors, TCFG Insurance Solutions
- Primary Location: Plano, TX
- Previously Registered With:
- TCFG Wealth Management, LLC (Plano, TX)
- LPL Financial LLC (Plano, TX)
- Woodbury Financial Services, Inc. (Plano, TX)
- Merrill Lynch, Pierce, Fenner & Smith Inc. (Dallas, TX)
- Can Beliveau Bays be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes (Permanently Barred)
- Number of Terminations After Allegations: 2
- Discharged by a Prior Employer: Yes, twice
- Highest Settlement or Award: $35,000
If you’ve sustained damages from Mr. Bays, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Beliveau Bays As Your Stockbroker?
In a settled FINRA arbitration case (Case No. 23-03563) filed in December 2023, a customer alleged that Beliveau Bays made misrepresentations and unsuitable recommendations related to the purchase of a variable annuity and a non-traded REIT. The case, which stemmed from Mr. Bays’ time at Woodbury Financial Services, was resolved in April 2025 for $35,000.
See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Regulatory Actions
- FINRA Disciplinary Action (Case No. 2021070734301) – Finalized April 29, 2024
- Sanction: Permanent bar from all capacities
- Findings:
- Forged customer signatures on account applications and transfer forms
- Overstated client income and net worth
- Made false statements to insurance companies and FINRA
- Caused member firm to maintain inaccurate books and records
- Texas State Regulatory Action – Final Order March 11, 2023
- Outcome: Denial of agent and investment adviser registration
- Reason: Material misrepresentations made to the Commissioner during the licensing process
Discharged by Employers
LPL Financial (2021): Discharged after misrepresentations related to key person life insurance applications for unlicensed assistants
Merrill Lynch (2016): Discharged for exercising discretion in a non-discretionary account and discussing annuity purchases with unauthorized individuals
Allegations of Broker Misconduct Against Beliveau Bays
- Forgery
- Misrepresentation
- Exercising discretion in non-discretionary account
- Overstating customer net worth on suitability forms
- Making false statements to FINRA
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
Investigations of other Woodbury Financial Services brokers
If you have suffered investment losses in an account handled by Beliveau Bays, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.