Soreide Law Group is investigating claims on behalf of investors who suffered investment losses in several TNP sponsored investments, including the TNP 2008 Participating Notes Program LLC, sold by Berthel Fisher & Co. Financial Services Inc., and other firms. Berthel Fisher was the underwriter, promoter, and Managing Broker/Dealer of the TNP 2008 Participating Notes Program, and had a close relationship with Thompson National Properties, LLC, the sponsor of the TNP 2008 Participating Notes Program. Berthel Fisher was responsible for recruiting investors. TNP 2008 Participating Notes Program raised approximately $26,224,903.
Berthel Fisher failed to make the proper disclosures and perform adequate due diligence regarding the TNP 2008 Participating Notes Program. Berthel Fisher allegedly prepared the private placement memorandum for the TNP 2008 Participating Notes Program, which allegedly contained several material misrepresentations.
Berthel Fisher allegedly failed to investigate many red flags regarding the TNP 2008 Participating Notes Program. These included the deteriorating financial condition of Thompson National Properties, LLC, the sponsor of the TNP 2008 Participating Notes Program, which included TNP's default on $1.3 million in financial obligations, the high rates and return offered by TNP, of up to 13%, sales commissions of up to 10%, and commingling of funds, to name a few.
If you were sold Thompson National Properties 2008 Participating Notes Program LLC, sold by Berthel Fisher & Co. Financial Services Inc., or by other firms, call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552, or visit our website at: https://www.securitieslawyer.com.
Soreide Law Group, PLLC., representing investors nationwide before FINRA, the Financial Industry Regulatory Authority.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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