INVESTIGATION of JONATHAN PYNE of Berthel Fisher & Co.
Have you lost money with financial advisor Jonathan Pyne (CRD# 2580510), of Berthel Fisher & Company, in Minneapolis, Minnesota?
We are investigating allegations of former customers related to Jonathan Pyne of Berthel Fisher. Jonathan Pyne’s CRD report, a public record maintained by FINRA, states that Pyne has been the subject of six customer complaints.
Specifically, Jonathan Pyne’s CRD report states that customers have made complaints about oil and gas, real estate, equipment leasing, and business development company (BDC) investments. Some of these complaints were settled, while others were denied.
In February 2019, Jonathan Pyne sought to expunge five of the customer complaints through an arbitration claim with FINRA. None of the complainants appeared for the expungement process. The FINRA arbitrator denied Pyne’s request to expunge these complaints from his CRD report.
Jonathan Pyne is a registered representative of Berthel Fisher & Company from 2007 to the present. He works at a branch office in Minneapolis, Minnesota. He also is affiliated with Evergreen Financial Group in Minneapolis.
Brokerage firms like Berthel Fisher & Company have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Minnesota and throughout the Twin Cities area, such as victims of the Levi Lindemann fraud. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including, Berthel Fisher & Company.
Click to view: Jonathan Pyne BrokerCheck
Click to view: Jonathan Pyne FINRA Arbitration Award
If you lost money with Jonathan Pyne or Berthel Fisher & Company, please CONTACT US at 720-599-3505 or 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.