FOR IMMEDIATE RELEASE:
October 10, 2013

Media Contact: Caley Love
Director of Communications
785-296-3580
caley.love@ksc.ks.gov

Securities Commissioner files Felony Charges against former Wichita Financial Adviser for over $700,000 in Fraud-Related Losses

Topeka, KS--- Officials from the Office of the Kansas Securities Commissioner have filed criminal charges against Dennis D. Bailey, a 65 year-old Sedgwick County resident and former financial adviser, for multiple violations of the Kansas Uniform Securities Act.

The criminal complaint alleges that Bailey committed securities fraud by unlawfully employing a scheme to defraud seven persons by selling securities in Legacy Capital, resulting in victim losses of over $700,000. Bailey was charged with 39 felony counts of securities fraud and selling unregistered securities.

If found guilty, Bailey could face up to 55 months of imprisonment, as well as fines and restitution.
Kansas Securities Commissioner Josh Ney encourages Kansans who have had prior financial dealings with Bailey to contact the KSC at 785-296-3307 or ksc@ksc.ks.gov.

###

The mission of the Office of the Kansas Securities Commissioner (KSC) is to protect and inform Kansas investors; to promote integrity, fairness, and full disclosure in financial services; and to foster capital formation.