Rex Securities Law Files Arbitration vs. Berthel Fisher To Recover Losses on Alternative Investments
The claim alleges that the investments, which were sold to her by Berthel Fisher broker Jonathan Pyne, were unsuitable for her, are illiquid, were negligently misrepresented and represent too large a concentration level of her total liquid net worth. It also alleges that Berthel Fisher breached its fiduciary duty and was negligent in the supervision of its brokers.
In February 2014 Berthel Fisher was fined $775,000 by FINRA for supervisory deficiencies related to the sale on non-traded real estate investment trusts (REITs) and exchange traded funds. A copy of the FINRA News Release may be viewed in the attachment below.
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