There are options for clients of former Berthel, Fisher & Company Financial Services, Inc. broker Dennis Fearing (CRD# 1288339) who suffered investment losses. Fearing was registered with Berthel, Fisher & Company Financial Services, Inc. in Coleraine, Minnesota from 2011 to 2021.
Fearing has been the subject of two customer complaints between 2004 and 2020, one of which was denied, according to his CRD report:
December 2020. “The clients allege the investments they purchased between 2012-2017 were unsuitable and misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence.” The customer is seeking $1,100,000 in damages and the case is currently pending. The complaint was regarding business development companies (BDCs) and real estate securities.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Berthel, Fisher & Company Financial Services, Inc. may be liable for investment or other losses suffered by Fearing’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.