Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Fearing (Fearing), previously associated with Berthel, Fisher & Company Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Fearing recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,000,000.00 on March 23, 2022.
The clients allege between 2014 – 2018 the investments recommended to them and purchased by them were not suitable, were inconsistent with their objectives and directives, and were misrepresented by the representative. They further allege their account was over concentrated in privately traded products. Additionally they allege the firm failed to perform appropriate due diligence and failed to supervise the activities of the representative.