Former Berthel Fisher broker, Jerry McCutchen Permanently Banned from Securities Industry

By September 12, 2016 September 20th, 2017 News

According to his Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, Jerry McCutchen consented to a permanent ban from the financial securities industry and declined to provided on-the-record testimony in an ongoing FINRA investigation.  As noted in AWC 2015048347401, FINRA was investigating various customer complaints against McCutchen for the unsuitable recommendation of alternative investments while a broker for Berthel, Fisher, & Company Financial Services, Inc.

McCutchen’s FINRA Broker Check Report, reveals a total of twenty-five customer complaints, with fifteen settled, three withdrawn, and seven disputes still pending.  The primary allegations throughout the customer complaints was unsuitability and misrepresentation in regards to real estate investments (REITs) and equipment leasing investments.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

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