The securities attorneys at Gana Weinstein LLP are currently investigating Berthel, Fisher & Company Financial Services, Inc. (Berthel, Fisher & Company) broker Scott Barcomb (Barcomb). According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA), Barcomb has been subject to four customer disputes concerning unsuitable variable annuity recommendations and failure to conduct due diligence on private placement investments. In addition, Barcomb has been subject to one criminal action.
In August 2010, a customer alleged that Barcomb failed to disclose taxes involved in disbursements from a 1035 contract. The case settled for $20,000 in damages.
In June 2010, a customer alleged that Barcomb and his member firm did not properly conduct due diligence on the tenant-in-common (TIC) property that they had recommended to their customers and invested their customers in. This dispute was settled for $200,000.