WAUKEE, IOWA Did you invest with William Berg, also known as Bill Berg, formerly with Royal Fund Management? The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against this advisor. In March 2024, a federal arrest warrant was issued for Berg, who was from Waukee, Iowa. He allegedly defrauded clients out of more than $1.5 million. It was alleged that instead of investing the money on behalf of clients, he took the money for personal use.

William Berg was an investment advisor and representative of Royal Fund Management from May 2015 to November 2017 and again from September 2018 to January 2021. He worked in Clive and Des Moines, Iowa. He was charged by the U.S. Attorney’s Office in the Southern District of Iowa.

Brokerage firms are required to adequately supervise their representatives. When firms fail to adequately monitor their advisory representatives, they may be liable for investment losses sustained by customers.

View AdviserInfo HERE

If you lost money with Bill Berg or Royal Fund Management, please Contact Us at 206-795-5798 for a free evaluation of your case.