Daniel Barnard Focus Of Berthel Fisher Investor Complaints About Unsuitable Recommendations

Investors potentially experienced sales practice violations by securities broker Daniel Allen Barnard [CRD: 2403593, Scottsdale, Arizona], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Barnard worked for Berthel Fisher Company Financial Services Inc. from April 23, 2008, to November 20, 2018; Growth Capital Services Inc. from November 21, 2019, to January 16, 2020; and Cabin Securities Inc. from June 2, 2021, to May 3, 2023. Read below to discover more about Barnard’s disclosures.

Berthel Fisher Investor Alleged Misrepresentation

Particularly, on July 29, 2025, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 25-01544 about Daniel Barnard. Primarily, the client alleged that Barnard made unsuitable recommendations, overconcentrated the client’s account, and misrepresented investments. Because of this, the client allegedly experienced damages associated with direct investments and oil and gas investments. Consequently, the client requested damages exceeding $5,000 in compensation from Berthel Fisher Company Financial Services Inc. or Barnard. It appears that this arbitration is awaiting a resolution.

Daniel Barnard Disclosed Unsuitable Recommendations Allegations By Berthel Fisher Company Financial Services Inc. Client

Specifically, a client of Berthel Fisher Company Financial Services Inc. disputed Daniel Barnard’s sales practices by filing FINRA Arbitration No. 22-00977. Allegedly, Barnard made unsuitable recommendations, misrepresented investments, failed to perform due diligence, and overconcentrated investments. It appears that Barnard allegedly caused the client to sustain damages linked to real estate securities, direct investments, oil and gas investments, and equipment leasing products. Therefore, Berthel Fisher Company Financial Services Inc. opted to settle the matter on August 1, 2023, by compensating the client in the amount of $10,000.

Cabin Securities Inc. Investor Accused Barnard Of Negligence

Also, a Berthel Fisher and Company Financial Services Inc. client filed FINRA Arbitration No. 20-01680 about Daniel Barnard. Mainly, the client alleged that Barnard made misrepresentations about the product sponsor’s offerings, made unsuitable recommendations, was negligent, and failed to perform due diligence. For this reason, the client allegedly incurred damages on direct investments, oil and gas investments, real estate securities, and business development companies. As a result, on January 25, 2022, Berthel Fisher and Company Financial Services Inc. settled this matter by paying the client $28,000 in damages.

Daniel Barnard Disclosed Misrepresentation Allegations By Berthel Fisher Company Financial Services Inc Client

Notably, a client of Berthel Fisher Company Financial Services Inc contested Daniel Barnard’s sales practices, based on a complaint dated June 21, 2010. Allegedly, Barnard made misrepresentations regarding the liquidity of a real estate security. It appears that Barnard allegedly caused the investor to sustain damages. Consequently, the client sought compensation from Berthel Fisher Company Financial Services Inc or Barnard in this matter.

Have You Made Investments Through Financial Advisor / Securities Broker Barnard?

Do you need clarification on any investment losses relating to Daniel Barnard? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Barnard and brokerage firms Barnard worked for deny accusations of sales practice violations.