Mason Wayne Gann of Dallas Texas a stockbroker employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages on January 22, 2019 supported by accusations that (1) Gann churned the customer’s investment portfolio (2) Gann executed unauthorized trades in the customer’s account (3) Gann placed the customer in exchange traded fund and unit investment trust products along with options and stocks that were all unsuitable for the customer given the customer’s risk tolerance and (4) Berthel Fisher failed to supervise Gann’s activities.

Earlier in 2018, Gann was fined $5,000.00 and suspended from associating with any FINRA member in any capacity founded on findings that he exercised discretionary authority in accounts of six Berthel Fisher customers while lacking written authorization from both customers and the firm – conduct violative of FINRA Rule 2010 and National Association of Securities Dealers (NASD) Conduct Rule 2510(b). Letter of Acceptance Waiver and Consent No. 2015043584401 (Apr. 11, 2018).

FINRA Public Disclosure confirms that Gann is referenced in two more customer initiated investment related disputes pertaining to allegations of his violative conduct while employed with Berthel Fisher Company. On January 27, 2015, a customer filed an investment related complaint involving Gann’s conduct in which the customer requested damages estimated to exceed $5,000.00 founded on accusations that the customer’s portfolio of options and stocks had been churned.

Gann is the subject of a customer initiated investment related arbitration claim which was resolved for $31,250.00 in damages based upon allegations that Gann negligently handled the customer’s investment portfolio by placing the customer in bad exchanged traded funds and options products; misrepresentations were made concerning the terms or risks of the equities and options products sold to the customer; and Berthel Fisher failed to oversee Gann’s activities in the customer’s account causing the customer unwarranted losses. FINRA Arbitration No. 18-02325 (Oct. 30, 2018).

Gann was terminated by Berthel Fisher on February 12, 2018 supported by accusations of him failing to abide by the terms of his employment while under heightened supervision.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)