Tag Archives: berthel fisher

Alvery Bartlett- Former Berthel, Fisher & Co. Broker-Discloses Customer Suits Seeking $10M+ -St. Louis, MO

March 2019 – St. Louis, MO

According to publicly available records  Alvery Anthony Bartlett, Jr. (CRD#13975), a stockbroker who previously worked for Berthel, Fisher & Company Financial Services (BFCFS) disclose one prior and 2 pending customer disputes.

The Financial Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms.   FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions.   In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In December of 2014, a Berthel Fisher customer filed FINRA case #14-03867 alleging they were sold unsuitable investments and that they were victims of misrepresentation.    The case settled for $25,000 with $5,000 of the settlement being paid by Bartlett.

In currently pending civil case #A -18-767962 filed in Clark County, Nevada state court , a customer of Berthel Fisher alleges that they were sold unsuitable oil and gas limited partnerships, private placements and hedge funds and is seeking damages of  $6,6 million.

In another currently pending matter, FINRA case #17-03515,  filed in 1/2018 , a Berthel Fisher customer that they were sold unsuitable oil and gas limited partnerships and real estate investments and is seeking damages of $3,9 million.

Alvery Bartlett was been with Berthel, Fisher & Company Financial Services, Inc. from 1/1992-8/2016. He has been employed by Arete Wealth Management since 8/2016.

If you have questions about an investment account handled by Alvery Bartlett, contact us for a no charge consultation to learn about your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Mason W. Gann-Former Berthel Fisher Broker-Subject of Customer Dispute Over Account Losses-Dallas, TX

January 2019- Dallas, TX

The FINRA records of Mason W. Gann, a stockbroker who is not currently registered with any broker dealer and who was last employed by Berthel Fisher and Co. , disclose a recent regulatory event resulting in suspension, a currently pending customer dispute, 2 prior customer disputes , a termination from employment and an outstanding tax lien.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In April 2018, FINRA suspended Mason Gann for 20 business days and fined him $5,000 to resolve allegations that he exercised discretion in six customers’ accounts without obtaining written approval from the customers or his firm.

In January 2018 a customer of Berthel Fisher filed a complaint seeking damages of $75,000 alleging concern about being able to support his future income requirements alleging that investments in his account are unsuitable for his risk level and alleging that Gann made unauthorized trades and churned  his account. The investments at issue are equities, options, unit investment trusts and ETFs.

Gann was employed with Berthel Fisher since 6/2012. In February 2018, Gann was discharged by Berthel Fisher who made the following allegation on Gann’s BrokerCheck report: “Terminated for possible violation of terms of heightened supervision”. 

Gann discloses an outstanding judgment/lien in favor of the Internal Revenue Service in the amount of $54,157.

If you have losses in an account handled by Mason Gann contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide 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.

Nationwide Representation

Rex Securities Law

National Toll Free: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jonathan T. Pyne-Update on Investigation-Minneapolis, MN

October 2017-Minneapolis, MN

Jonathan Todd Pyne (aka Jon Pyne )  ,  a  stockbroker who is currently registered with Berthel Fisher & Co. Financial Services discloses 2 pending customer disputes and 3 prior final customer disputes on his FINRA record.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In of the currently  pending  disputes, received in 7/2017 , a customer of Berthel Fisher alleges damages in excess of $5,000 and claims that she was misled by Pyne into purchasing a real estate investment that she did not know was illiquid.

In another currently pending matter received in 9/2016, a Berthel Fisher customer is upset with the overall performance of the account which was invested in oil & gas, real estate securities and a business development company. Damages are not specified, but exceed $5,000.

In September 2016 Berthel Fisher settled a complaint brought by one of Pyne’s customers alleging that oil and gas and real estate securities purchased in 2008 and 2009 were unsuitable and misrepresented. That matter was settled for $48,175.

In FINRA arbitration 14-0952 a customer of Pyne’s alleged damages of $250,000 in connection with the sale of unsuitable investments sold to her in 2007 and 2008 in equipment leasing, oil and gas and real estate securities. That case was settled in 11/2015 for $110,000.

Pyne has been employed by Berthel Fisher & Co.   since 2/2007. Pyne discloses a business affiliation with Evergreen Financial Group.

See this for our prior investigation of Jonathan T. Pyne over the sale of the following alternative investments:

  • Gulf Coast Rig & Equipment
  • Reef Income & Development
  • Leaf Equipment Leasing Fund
  • Inland American
  • Cornerstone Properties (now Summit Health Care)
  • Columbia Properties

If you have questions about an account  handled by Jonathan T. Pyne , contact us to discuss your options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing, oil and gas, hedge funds, real estate, commodities and derivatives contracts and, managed futures.  These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jonathan T. Pyne-Berthel Fisher Broker-Discloses Settlements Over Alternative Investments-Minneapolis, MN

May 2017-Minneapolis, MN

The FINRA records of  Jonathan T. Pyne (aka Jon Pyne )  ,  a  stockbroker who is currently registered with Berthel Fisher & Co. Financial Services disclose a pending customer dispute and 3 prior final customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In the currently pending  a customer of Berthel Fisher alleges damages in an unstated amount due to poor performance of the overall account. The investments at issue include oil & gas, real estate securities and business development companies. This complaint was received by Berthel Fisher in September 2016.

In September 2016 Berthel Fisher settled a complaint brought by one of Pyne’s customers alleging that oil and gas and real estate securities purchased in 2008 and 2009 were unsuitable and misrepresented. That matter was settled for $48,175.

In FINRA arbitration 14-0952 a customer of Pyne’s alleged damages of $250,000 in connection with the sale of unsuitable investments sold to her in 2007 and 2008 in equipment leasing, oil and gas and real estate securities. That case was settled in 11/2015 for $110,000.

Pyne has been employed by Berthel Fisher & Co.   since 2/2007. Pyne discloses a business affiliation with Evergreen Financial Group.

See this for our prior investigation of Jonathan T. Pyne over the sale of the following alternative investments:

  • Gulf Coast Rig & Equipment
  • Reef Income & Development
  • Leaf Equipment Leasing Fund
  • Inland American
  • Cornerstone Properties (now Summit Health Care)
  • Columbia Properties

If you have questions about an account  handled by Jonathan T. Pyne , contact us to discuss your options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing, oil and gas, hedge funds, real estate, commodities and derivatives contracts and, managed futures.  These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Thomas Charbonneau Barred from Securities Industry

Thomas Neil Charbonneau of Arden Hills, MN, was barred from the securities industry to resolve FINRA allegations that between October 2008 and May 2013, he sold 1.7 million shares of a speculative penny stock from his own account, which generated $400,000, while he was recommending to his customers that they buy the stock without disclosing to them that he was selling.

Charbonneau had obtained his shares in 2004 when he helped the company emerge from bankruptcy. His cost basis was less than a penny a share. The customers who took his recommendation and purchased the stock paid up to 65 cents a share.

In addition in 2013, while employed by Berthel Fisher,  Charbonneau  caused a customer to sign in blank an Alternative Investment Suitability Questionaire and other related documents for the purchase of a REIT.

FINRA records indicate Charbonneau was registered with Berthel Fisher & Company Financial Services from 11/2010-12/2013. Prior to that he was with Feltl & Company.

If you had an account with Charbonneau that suffered losses, contact us to learn how you may be able to recover damages.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

561 391 1900