Martin Berman Involved In Cetera Advisors LLC Investor Arbitration Claim Re: Breach Of Contract

Investors potentially experienced sales practice violations by securities broker Martin S. Berman [CRD: 2406962, Los Angeles, California], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Martin Berman worked for Cetera Advisors LLC from September 8, 2022, to the present, Cetera Investment Advisers LLC from November 12, 2020, to the present, and previously for First Allied Securities Inc. from May 30, 2008, to September 8, 2022. See the following information to discover more about the disclosures involving this securities broker and the nature of client disputes reported.

Cetera Advisors LLC Investor Accused Berman Of Breach Of Fiduciary Duty, Elder Abuse

Evidently, a Cetera Advisors LLC client filed FINRA Arbitration No. 23-03099 about Martin Berman. Primarily, the client alleged that Berman made unsuitable recommendations, breached his fiduciary duty, breached a contract, failed to supervise certain representatives, and committed elder abuse. Because of this, the client allegedly incurred damages associated with interval funds. Consequently, on August 23, 2024, Cetera Advisors LLC settled this matter by paying the client $196,000 in damages.

First Allied Securities Inc. Investor Accused Martin Berman Of Negligence, Unsuitable Recommendations

Specifically, a First Allied Securities Inc. client filed FINRA Arbitration No. 20-02512 about Martin Berman. Mainly, the client alleged that Berman made unsuitable recommendations involving complex investments, was negligent, failed to supervise certain representatives, and breached his duties. For this reason, the client allegedly sustained damages linked to variable annuities and real estate securities. As a result, on October 21, 2021, First Allied Securities Inc. settled this matter by paying the client $22,500 in damages.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Berman?

Did you suffer any investment-related losses because of Martin Berman? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Berman and brokerage firms Berman worked for deny any allegations of sales practice violations.