Erez Law is currently investigating Berthel, Fisher & Company Financial Services, Inc. financial advisor Robert Dagosta (CRD# 1903105) regarding unsuitable investment recommendations. Dagosta has been registered with Berthel, Fisher & Company Financial Services, Inc. in Center Valley, Pennsylvania from 2004.
In August 2003, Dagosta was suspended for 30 days and sanctioned to $5,000 in civil and administrative penalties/fines after NASD alleged that Dagosta engaged in private securities transactions and failed to provide his member firm with prior written notification describing in detail the transaction and stating whether he had or would receive selling compensation in connection with the transaction.
Dagosta has also been the subject of four customer complaints between 2006 and 2017, one of which was denied, according to his CRD report:
- May 2017. “The claimant is alleging that the investments he purchased in 2015 were not appropriate for his stated investment goals.” The case is currently pending.
- May 2017. “The claimant alleges that the investments he purchased between 2004 and 2014 were unsuitable and misrepresented to him by the representative. The claimant also alleges the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence.” The customer is seeking $2 million in damages and the case is currently pending.
- June 2015. “The claimant alleges that the investments he purchased in his portfolio from 2005-present were unsuitable and misrepresented to him by the representative. The claimant also alleges the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence.” The customer is seeking $566,262.25 in damages and the case is currently pending.
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 Dagosta’s customers.
Erez Law represents investors in the United States for claims against Berthel, Fisher & Company Financial Services, Inc. financial advisor Robert Dagosta regarding unsuitable investment recommendations. If you were a client of Berthel, Fisher & Company Financial Services, Inc. or another firm, 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.
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