Rex Securities Law is investigating Berthel Fisher & Company Financial Services broker Jonathan Pyne on behalf of a retiree from the Minneapolis, MN area. Our client was sold the following alternative investments:
Gulf Coast Rig & Equipment
Reef Income & Development
Leaf Equipment Leasing Fund
Cornerstone Properties (now Summit Health Care)
We anticipate filing an arbitration claim with the Financial Industry Regulatory Authority (FINRA) in the near future on behalf of our client seeking recovery of damages for misrepresentation, unsuitable investments, breach of contract, negligent supervision and breach of fiduciary duty.
According to FINRA records Jonanthan Pyne has been registered with Berthel Fisher & Company since February 2007. He was previously registered with:
United Planners Financial Services of America 8/2003-2/2007
Clearing Services of America 8/1999-9/2003
According to FINRA records, Mr. Pyne is also associated with Evergreen Financial Group of Minneapolis.
According to FINRA records Berthel Fisher & Company Financial Services, Inc. discloses 22 final regulatory matters and 9 customer arbitrations. Several of these disclosure items relate to unsuitable investments.
UPDATE FEBRUARY 2014-FINRA FINES BERTHEL FISHER $775,000 FOR SUPERVISORY INADEQUACIES IN CONNECTION WITH THE SALE OF ALTERNATIVE INVESTMENTS. See this for more information.
If you have information you feel would be helpful to this investigation, we would appreciate hearing from you.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investorsnationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.