Alternative Investment Fraud Lawyers

Customers of Berthel Fisher Sought $32.1M in Damages From Brokerage-Dealer

Our Experienced Alternative Investment Fraud Lawyers Are Investigating Investor Losses

According to the yearly audited financial statement submitted by Berthel Fisher to the US Securities and Exchange Commission (SEC) in March, the broker-dealer concluded 2022 with about $32.1M in pending investor loss claims. While it is unclear which investments were specifically involved, as InvestmentNews reported, Berthel Fisher has a long history of selling alternative investments to customers. On multiple occasions, these investment recommendations were investors for whom these were allegedly unsuitable given their financial goals.

In 2018, Financial Industry Regulatory Authority (FINRA) censured the brokerage firm and ordered it to pay a $675K fine for allegedly selling alternative investments, including non-traditional exchange-traded funds (ETFs) and non-traded real estate investment trusts (non-traded REITs). Just four years before, FINRA also fined Berthel Fisher $775K for supervisory deficiencies involving ETFs and REITs.

Over the years, a number of Berthel Fisher brokers have been involved in alternative investment fraud lawsuits brought by their former clients.

Shepherd Smith Edwards and Kantas ( is currently speaking to investors who suffered serious losses while working with a Berthel Fisher broker. Contact us today to request you free, no-obligation case consultation.

Why You Want To Explore Your Legal Options With Skilled Alternative Investment Fraud Lawyers

An alternative investment is a term applied to any kind of investment that is not a bond or a stock. Typically complex investments, are usually subject to limited regulations and are generally too risky for conservative or inexperienced investors. Not only do many alternative investments charge high fees and other costs, but also they usually require a high minimum investment, possess low-to-no liquidity, and often lack transparency about past performance and other key information.

Our trusted alternative investment lawsuit law firm represents retail investors, retirees, and wealthy investors who have suffered serious losses because their broker-dealer unsuitably recommended these financial products to them, misrepresented or omitted the risks, failed to disclose conflicts of interest, did not conduct the proper due diligence, or failed to properly supervise the actions of their financial advisors. For over 30 years, we have fought for our clients in arbitration, mediation, and litigation to collectively secure many millions of dollars for thousands of them. More than 90% of investors we have worked with have received full or partial financial recovery.

How To Contact Our Team of Alternative Investment Fraud Lawyers:

Over the decades, our savvy broker fraud lawyers have helped investors who suffered losses in REITs, non-traded REITs, ETFs, private placements, GWG L Bonds, GPB Capital Holdings, annuities, and other alternative investments to try to recover damages from their broker-dealers.

Call our Alternative Investment Fraud Lawyers (800) 259-9010 or contact us online.

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