The Financial industry Regulatory Authority (“FINRA”) reveals that an investor disputed the sales practices of securities broker Kirk James Bertsch (CRD#: 4132889, Spearfish, South Dakota). The securities broker worked for Farmers Financial Solutions as a securities broker from 2008 to 2018, when the firm disaffiliated with him for alleged misconduct. He has also received sanctions from FINRA and the State of South Dakota. Here’s a quick summary of these disclosures so that you can be more informed about the securities broker.
Evidently, a client of Farmers Financial Solutions disputed Kirk Bertsch’s sales practices in a February 2020 dispute. Namely, the client claimed in this dispute to have purchased unregistered securities from Bertsch. Supposedly, the client sustained losses on an unregistered promissory note. For this reason, they demanded more than $24,000 in compensation in this ongoing matter.
Evidently, FINRA issued Kirk Bertsch a one-month suspension to resolve its allegations that Bertsch violated FINRA rules on private securities transactions. Supposedly, Bertsch solicited a client for a promissory note purchase. Supposedly, this promissory note related to a real estate investment fund known as Woodbridge Group of Companies LLC. FINRA says that the securities broker received compensation from Woodbridge for soliciting the client’s transaction.
Notably, Farmers Financial Solutions policy and FINRA rules required Kirk Bertsch to disclose his involvement in the securities transaction. However, Bertsch did not do this. It appears that he did not get the firm’s approval to solicit promissory note purchases. It appears that Farmers Financial Solutions disaffiliated with him for this reason. Also in Bertsch’s August 2018 discharge, the firm alleges that he did not report that a regulator contacted him to get more information about his securities-related activities. Notably, FINRA relayed that Woodbridge filed for bankruptcy following the client’s purchase.
Additionally, BrokerCheck shows that a South Dakota regulator also disciplined Kirk Bertsch for his Woodbridge Wealth private securities transactions. In fact, Bertsch agreed to pay a fine of $5,000.00 to resolve the regulator’s allegations of his failure to get approval from Farmers Financial Solutions before engaging in private securities transactions.
Have you sustained losses because of Kirk Bertsch? If so, contact Soreide Law Group at (888) 760-6552 and speak with us about the potential recovery of your investment losses. Soreide Law Group represents investor clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for those who suffered losses due to misconduct of financial advisors and securities brokers. Evidently, Bertsch denies accusations of sales practice violations.
CONTACT US
PHILLIP CURTIS ANDERSON (PHILLIP C ANDERSON) was fined $10,000.00, ordered to pay disgorgement of $8,280.00, and was suspended for five months by FINRA. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, the “Regulatory” disclosure dated 5/13/2025 states the following: “Without admitting or denying the findings, Anderson consented to the sanctions and to […]
Soreide Law Group filed a FINRA arbitration on behalf of our client (Claimant) against: WESTERN INTERNATIONAL SECURITIES, INC. (WIS). (Respondent) The Claimant is in his late sixties and lives in California. On or about 2019, the Claimant was invited to a presentation on retirement income by a WESTERN INTERNATIONAL SECURITIES’ former broker. The lawsuit alleges […]
Investors apparently complained about securities broker Charles Kenneth Wareham [CRD: 2193537, Hartford, Connecticut], according to publicly available information on FINRA BrokerCheck. Evidently, Charles Wareham has been registered with Independent Financial Group LLC since March 14, 2014. Readers are encouraged to continue below for details about the disclosures involving Wareham. Independent Financial Group LLC Investor Accused […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com