JOHN CARROLL Misrepresent Your Investments?

Soreide Law Group Investigating John Carroll

Soreide Law Group is reviewing possible investor claims against Berthel Fisher Company Financial Services securities broker John Carroll (CRD#: 41769). Specifically, according to the securities broker’s FINRA BrokerCheck Report, three clients filed disputes against him, and two securities firms discharged him for bad behavior. Here’s more on the allegations against Carroll:

Berthel Fisher Client Files FINRA Arbitration Suggesting John Carroll Misrepresented Investments

Evidently, on September 24, 2018, a client of Berthel Fisher brought a FINRA Arbitration #: 18-03313. First of all, the client suggested that John Carroll sold unsuitable investments. It appears that Carroll sold the client a business development company (BDC) investment. Mainly, BDCs can be high risk investments given their use of leverage and their focus on acquiring troubled companies. It appears Carroll also misrepresented the BDC investment at the time of purchase. Further, Berthel Fisher supposedly failed to supervise Carroll when he made these recommendations. For this reason, the client demanded an undisclosed amount of compensation in this ongoing matter.

Second Berthel Fisher Client Comes Forward Alleging Carroll Gave Bad Advice

Apparently, a Berthel Fisher client contested John Carroll’s sales practices in filing a complaint on December 18, 2017. Apparently, Carroll caused the client to experience financial distress based on the trades he made. Carroll allegedly gave the client unreasonable advice about stocks and he put nearly all of the client’s assets in a single security. For this reason, the client demanded compensation in this ongoing mater.

FINRA BrokerCheck reports that Carroll no longer works for Berthel Fisher. In fact, the securities firm discharged him on January 29, 2019. Apparently, the securities broker, who worked for the firm between 2005 and 2018, violated Berthel Fisher policies. Have you experienced losses by investing with securities broker John Carroll? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.