FINRA Sanctions Michael Dorband

Soreide Law Group is investigating possible investor claims against securities broker Michael Dorband (also known as Michael D. Dorband) [CRD: 5770436, Blue Springs, MO]. Evidently, FINRA sanctioned the securities broker, who worked for Berthel Fisher Company Financial Services Inc. Allegedly, Dorband failed to respond to FINRA’s request for information. Here is a brief summary of FINRA’s allegations against Michael Dorband.

FINRA Sanctions Dorband For Failure To Respond To FINRA

Notably, on December 27, 2021, FINRA issued Case: 2021071383001, sanctioning Michael Dorband for infractions. Specifically, Dorband was barred as a securities broker, so he cannot work as a broker and in other capacities for FINRA-member firms. Notably, FINRA alleged that Dorband failed to respond to FINRA’s request for information.

Michael Dorband Disclosed Unauthorized Withdrawal Allegations By Berthel Fisher Company Financial Services Inc. Client

Also, a client of Berthel Fisher Company Financial Services Inc. contested Michael Dorband’s sales practices, according to a complaint dated April 23, 2021. Allegedly, Dorband withdrew client funds without authorization. Supposedly, Dorband caused the client to sustain damages. Therefore, the client asked for compensatory relief from Berthel Fisher Company Financial Services Inc. or Dorband in the amount of $196,000 in this dispute, which the firm and broker denied.

Berthel Fisher Company Financial Services Inc. Terminates Dorband

Evidently, Berthel Fisher Company Financial Services Inc. terminated the securities broker for cause. Supposedly, Dorband failed to report a compromise or otherwise update his Form U4.

Dorband Employment Information

Dorband worked for Berthel Fisher Company Financial Services Inc. in Blue Springs, MO, as a securities broker from October of 2015 to August of 2020.

Did Berthel Fisher Company Financial Services Inc. Securities Broker Michael Dorband Cause You To Experience Damages?

Did you incur damages because of securities broker Dorband? Get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Dorband and brokerage firms Dorband worked for deny any and all allegations of sales practice violations.