{"id":1289,"date":"2013-07-29T11:07:06","date_gmt":"2013-07-29T11:07:06","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/07\/investor_sues_berthel_fisher_o"},"modified":"2022-03-10T16:35:58","modified_gmt":"2022-03-10T22:35:58","slug":"investor-sues-berthel-fisher-o","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investor-sues-berthel-fisher-o\/","title":{"rendered":"Investor Sues Berthel Fisher Over TNP 2008 Participating Notes Program LLC"},"content":{"rendered":"

\t\t\t\tInvestor Jon Hanson is suing Berthel Fisher & Co. Financial Services Inc.<\/a> for allegedly not conducting the necessary due diligence on the TNP 2008 Participating Notes Program or making the proper disclosures to parties like him that backed the high-risk investment. The private placement went into default in 2012.<\/p>\n

The independent brokerage firm, which not so long ago settled the majority of investor claims over real estate deals involving Diversified Business Services and Investments Inc., (a real estate manager that is now bankrupt), could be facing a class action securities case involving a failed deal with Tony Thompson, the real estate investor. This would be the first time that a broker-could be hit with a class action over a Thompson National Properties LLC-sponsored product. <\/p>\n

According to Hanson’s securities fraud lawsuit<\/a>, Berthel Fisher allegedly know there were misrepresentations and omission in the TNP 2008 Participating Notes Program memorandum yet did not probe further into the red flags. Instead, the financial firm used the “misleading TNP 2008 PPM” to help collect about $26.2M from more than 200 investors. Although the independent broker-dealer did not sell all of the TNP 2008 Notes Program and not all of the $26M was sold to its clients, it is a defendant of this private placement case because it was the underwriter of the deal. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Investor Jon Hanson is suing Berthel Fisher & Co. Financial Services Inc. for allegedly not conducting the necessary due diligence on the TNP 2008 Participating Notes Program or making the proper disclosures to parties like him that backed the high-risk investment. The private placement went into default in 2012. The independent brokerage firm, which not […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3772],"tags":[2612],"class_list":["post-1289","post","type-post","status-publish","format-standard","hentry","category-private-placements","tag-berthel-fisher"],"yoast_head":"\nInvestor Sues Berthel Fisher Over TNP 2008 Participating Notes Program LLC — Investor Lawyers Blog — July 29, 2013<\/title>\n<meta name=\"description\" content=\"Investor Jon Hanson is suing Berthel Fisher & Co. 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