{"id":27744,"date":"2022-05-11T11:25:19","date_gmt":"2022-05-11T16:25:19","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=27744"},"modified":"2022-05-11T11:25:19","modified_gmt":"2022-05-11T16:25:19","slug":"berthel-fisher-options-trades-fine","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/","title":{"rendered":"FINRA Fines Berthel Fisher $100K Over Options Trades"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Berthel Fisher &amp; Co Accused of Supervisory and Compliance Issues Involving a Customer\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Financial Industry Regulatory Authority (FINRA) announced that Berthel Fisher &amp; Co. had been ordered to pay a $100K fine. This fine concerns shortcomings related to compliance involving options trades in a customer\u2019s account. The firm is not denying or admitting to the self-regulatory organization\u2019s (SRO) findings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/brokercheck.finra.org\/firm\/summary\/13609\"><span style=\"font-weight: 400;\">FINRA<\/span><\/a><span style=\"font-weight: 400;\">, in August 2015, while looking over a customer\u2019s request for approval to trade options in his account, Berthel Fisher &amp; Co neglected to conduct due diligence. The broker-dealer failed to ensure that this type of transaction was suitable based on the client\u2019s investment experience.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/\"  title=\"Continue Reading FINRA Fines Berthel Fisher $100K Over Options Trades\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Berthel Fisher &amp; Co Accused of Supervisory and Compliance Issues Involving a Customer\u00a0 The Financial Industry Regulatory Authority (FINRA) announced that Berthel Fisher &amp; Co. had been ordered to pay a $100K fine. This fine concerns shortcomings related to compliance involving options trades in a customer\u2019s account. The firm is not denying or admitting to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":27745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4737,4507],"tags":[2612,2810,4353],"class_list":["post-27744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-berthel-fisher","category-unsuitability","tag-berthel-fisher","tag-options-trading","tag-unsuitability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Berthel Fisher Receives $100K FINRA Fine Over Options Trades<\/title>\n<meta name=\"description\" content=\"Berthel Fisher is facing fines of up to $100K by FINRA for failing to conduct due diligence regarding options trades. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Berthel Fisher Receives $100K FINRA Fine Over Options Trades\" \/>\n<meta name=\"twitter:description\" content=\"Berthel Fisher is facing fines of up to $100K by FINRA for failing to conduct due diligence regarding options trades. 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Learn more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/05\/pexels-thirdman-5060973-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FINRA Fines Berthel Fisher $100K Over Options Trades","datePublished":"2022-05-11T16:25:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/"},"wordCount":441,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/05\/pexels-thirdman-5060973-1.jpg","keywords":["Berthel Fisher","options trading","unsuitability"],"articleSection":["Berthel Fisher","Unsuitability"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/","url":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/","name":"Berthel Fisher Receives $100K FINRA Fine Over Options Trades","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/berthel-fisher-options-trades-fine\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/05\/pexels-thirdman-5060973-1.jpg","datePublished":"2022-05-11T16:25:19+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Berthel Fisher is facing fines of up to $100K by FINRA for failing to conduct due diligence regarding options trades. 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