Were you the victim of former Berthel, Fisher & Company Financial Services, Inc. broker Scott Brannan (CRD# 4553880) regarding non-traded REIT investment losses? He has been registered with Berthel, Fisher & Company Financial Services, Inc. in Bismarck, North Dakota since 2009.
Scott Brannan Customer Complaints
He has been the subject of two customer complaints between 2008 and 2022, one of which was closed without action, according to his CRD report:
February 2022. “Client is unhappy with purchases of non-traded REITS purchased in 2014 to 2015. The clients have filed for arbitration and allege in 2014 and 2015 the representative improperly recommended the clients invest in a high commission illiquid alternative investment which they allege was misrepresented to them by the representative and was unsuitable for their financial situation, risk tolerance and investment objectives. The clients further allege the firm failed to conduct adequate due diligence and failed to supervise the activities of the representative.” The customer is seeking $100,001 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 Scott Brannan’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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