Tag Archives: Berthel Fisher & Company Financial Services Inc.

More Defective REIT Cases Pile Up Against Berthel Fisher

William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 23, 2019 in which the customer sought $38,651.89 in damages founded on allegations that unsuitable investment recommendations and high pressure sales […]

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Investors Accuse Berthel Fisher Of Fraud

Steve Jeffrey Cummings of Fort Deposit Alabama a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 30, 2019 where the customers requested more than $5,000.00 in damages based upon allegations that (1) false or misleading statements had been made by the […]

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Independent Financial Group Sued For Misrepresentation

Shawn Bruce Davis of Auburn California a stockbroker formerly employed by Independent Financial Group LLC is the subject of a customer initiated investment related civil action brought in the Superior Court of the State of California in which the customer requested unspecified damages founded on accusations that (1) false or misleading statements had been made […]

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Berthel Fisher Sued By Investors For Churning

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 […]

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Berthel Fisher Company Sued For BDC Misconduct

Jonathan Todd Pyne (also known as Jon Pyne) of Minneapolis Minnesota a stockbroker currently registered with Berthel Fischer Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $9,500.00 in damages based upon accusations that between 2007 and 2015: (1) false or misleading statements had been made […]

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Berthel Fisher Sued By Investors For REIT Fraud

Joshua Eugene Stroud of Springfield Oregon a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $22,500.00 in damages supported by allegations that (1) Stroud made misrepresentations to the customer concerning business development company and real estate security investments […]

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FINRA Snags Berthel Fisher Broker For Unauthorized Trading

November 30, 2018  |   Posted by :   |   Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

John Huey Neely of Edmond Oklahoma a stockbroker formerly employed by Berthel Fisher Company Financial Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Neely’s consent to findings that he executed unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent […]

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Investors Continue To Collect From Berthel Fisher For Private Placement Fraud

Ricky Steven Geislinger of Watkins Minnesota a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $75,000.00 in damages supported by allegations that (1) Geislinger made misrepresentations to the customer concerning the terms and conditions of the investments selected for the […]

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Berthel Fisher Sued By Investor For Bad REIT Investments

Joe Bryan Hall of Berthel Fisher Company Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer requested at least $5,000.00 in damages based upon allegations that the customer was placed in a real estate investment that was not appropriate for the customer given the customer’s objectives for […]

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Berthel Fisher Sued For Bad Investments

Steve Jeffrey Cummings of Fort Deposit Alabama a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $300,000.00 in damages founded on accusations that (1) Cummings misled the customer concerning direct investment products (2) Cummings placed the customer in inappropriate […]

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Berthel Fisher Stockbroker Fired For Cause

August 25, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Jerome Alden Poole of Wilmington Delaware a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc. has been discharged on June 12, 2018 supported by accusations that Poole neglected to timely submit customer account documentation to the firm’s compliance division. FINRA Public Disclosure additionally reveals that on June 4, 2013, a customer initiated investment […]

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Berthel Broker Fired For Bad Conduct

June 30, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

John William Carroll of Maumee Ohio a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. has been discharged by the firm on January 29, 2018 supported by accusations that he neglected to abide by the firm’s correspondence policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Carroll has been identified in two […]

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Berthel Fisher Sued For Unsuitable Investments

Alvery Anthony Bartlett Jr. of Saint Louis Missouri a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related civil action in which the customer sought $6,637,918.00 in damages founded on allegations that (1) unsuitable hedge funds and real estate securities had been effected in the customer’s […]

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FINRA Fines Berthel Fisher Broker For Unauthorized Trading

April 18, 2018  |   Posted by :   |   Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Mason Wayne Gann of Dallas Texas is a stockbroker formerly registered with Berthel Fisher and Company Financial Services Inc. who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he placed unauthorized transactions in customers’ investment accounts. Letter of […]

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Berthel Fisher Fires Stockbroker For Failure To Comply

March 12, 2018  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Andrew Jay Lowe of Centre Alabama is a stockbroker formerly registered with Berthel Fisher and Company Financial Services who has been fired on November 1 2017 based upon allegations that he failed to timely make required disclosures to Financial Industry Regulatory Authority (FINRA) regarding his activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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FINRA Censures Berthel Fisher For Failure To Supervise

February 20, 2018  |   Posted by :   |   Stockbroker Fraud News, Unit Investment Trusts   |   0 Comments

Berthel Fisher Co. Financial Services Inc. is a broker-dealer headquartered in Cedar Rapids Iowa that has been censured and fined two hundred and twenty-five thousand dollars according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the firm failed to supervise unit investment trust transactions effected in customer accounts. Department […]

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FINRA Suspends Berthel Stockbroker For Suitability

January 26, 2018  |   Posted by :   |   Stockbroker Fraud News, Unit Investment Trusts   |   0 Comments

Jeffrey Paul Dragon, of Burlington, Massachusetts, a stockbroker formerly registered with Berthel, Fisher & Co. Financial Services, Inc., has been fined $50,000.00 and suspended for twenty-one months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings […]

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SEC Charges Berthel Fisher Stockbroker With Fraud

December 15, 2017  |   Posted by :   |   Misappropriation of Funds, Stockbroker Fraud News   |   0 Comments

Jay Costa Kelter, of Johns Creek, Georgia, a former stockbroker with Berthel, Fisher & Company Financial Services, Inc., has been charged in a Complaint by the Securities and Exchange Commission (SEC) alleging that he committed material omissions and misrepresentations to customers, misappropriated customers’ funds, and committed securities fraud. Securities and Exchange Commission v. Jay Costa […]

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VSR Financial Sued By Customer For Negligence

December 15, 2017  |   Posted by :   |   Exchange Traded Funds   |   0 Comments

Dennis David Rasmusson, of Peoria, Arizona, a stockbroker currently registered with Berthel, Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, which settled for $15,000.00 in damages based upon accusations that Rasmusson breached his contractual duties, made misrepresentations to the customer, negligently handled the customer’s investment account, […]

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Berthel Fisher Sued By Customer For Omissions

November 21, 2017  |   Posted by :   |   Business Development Companies, Stockbroker Fraud News   |   0 Comments

Jonathan Todd Pyne of Minneapolis, Minnesota, a stockbroker currently registered with Berthel Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related written complaint on July 6, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Pyne misled the customer by inducing the customer’s […]

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Berthel Fisher Named In Customer Suitability Complaint

January 19, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Andrew W. Topka, of Charleston, South Carolina, a stockbroker formerly registered with Berthel, Fisher & Company Financial Services, Inc. has been named in a customer initiated investment related written complaint, based upon allegations that Topka effected unsuitable investment recommendations in the customer’s account pertaining to limited partnership interests, oil and gas investments, and real estate […]

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Berthel Fischer Stockbroker Barred In Investigation

September 16, 2016  |   Posted by :   |   Alternative Investments, Hedge Funds, Stockbroker Fraud News   |   0 Comments

Jerry McCutchen, of Mobile, Alabama, a stockbroker for Berthel, Fisher & Company Services, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that McCutchen made unsuitable alternative investment recommendations. Letter of Acceptance, Waiver and Consent, […]

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On Fraud Spree, Broker Lies to Firms, Customers and Regulators

February 29, 2012  |   Posted by :   |   Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Over five years, former broker James Scott McKee defrauded the customers of the brokerage firms where he worked out of nearly $1 million, using lies and omissions to induce them to invest in various real estate ventures in which he had a direct or indirect financial interest, according to a complaint filed by the Financial […]

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