Were you the victim of Berthel, Fisher & Company Financial Services, Inc. broker Brian Cantel (CRD# 1743229) regarding unsuitable investment recommendations? He has been registered with Berthel, Fisher & Company Financial Services, Inc. in Flowery Branch, Georgia, since 2006.
Brian Cantel Customer Complaints
He has been the subject of two customer complaints between 2021 and 2022, according to his CRD report:
November 2022. “The clients allege the investments they purchased between 2012 and 2019 were misrepresented to them, were unsuitable, and led to overconcentration of high-risk investments in their accounts. They further allege the firm failed to conduct adequate due diligence of the recommended investments and was negligent in its supervision of the representative.” The case is currently pending. The complaint was regarding direct investments, real estate securities, and business development companies (BDCs).
March 2021. “The client alleges the investments he purchased in 2015-2018 were unsuitable and misrepresented to him by the representative. The client also alleges the firm failed to supervise the activities of the representative and failed to conduct adequate due diligence.”
The customer sought $25,000 in damages, and the case was settled for $10,000. The complaint was regarding mutual funds 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 Brian Cantel’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.
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