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Jerry McCutchen, Sr Formerly With Berthel, Fisher & Company Financial Services, Inc. Has 51 Customer Complaints For Alleged Broker Misconduct

Who is Jerry McCutchen, Sr of Berthel, Fisher & Company Financial Services, Inc.?

Jerry McCutchen, Sr

Jerry McCutchen, Sr (CRD #1076678) who was formerly registered with Berthel, Fisher & Company Financial Services, Inc. and located in Mobile, Alabama, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Berthel, Fisher & Company Financial Services, Inc., Jerry McCutchen, Sr was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Jerry McCutchen has had his own regulatory problems. Initially, he was suspended for failure to pay an arbitration award. Subsequently, he consented to a permanent bar from any further association with any member firm in any capacity for failure to cooperate in one of FINRA’s investigations into his activities.

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Jerry McCutchen, Sr Customer Complaints

Jerry McCutchen, Sr has been the subject of 51 customer complaints that we know about to recover investment losses. One customer complaint went through an arbitration hearing and resulted in an arbitration award in the amount of $621,535 with interest at the rate of 7½% per annum plus $30,000 in punitive damages plus $248,614 in attorney’s fees and $110,966 and costs and other damages. Forty-three customer complaints were settled by Jerry McCutchen’s former employers in favor of the investors. Seven customer complaints were denied by Jerry McCutchen’s former employers and, to date, the customers have not taken any further action.

Allegations Against Jerry McCutchen, Sr

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations because of misrepresentations involving equipment leasing, oil and gas and real estate securities.
  • Unsuitable investment recommendation to purchase a variable annuity.
  • Violations of the Alabama Securities Act, breach of fiduciary duty, violation of FINRA/NYSE rules, and negligence relating to REIT, equipment leasing and other direct participation investments.
  • Unsuitable investment recommendation of equipment leasing product.
  • Unsuitable and misrepresented investment in equipment leasing, oil and gas, and real estate securities.

Jerry McCutchen, Sr Red Flags & Your Rights As An Investor

Of course, Jerry McCutchen, Sr did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jerry McCutchen, Sr at Berthel, Fisher & Company Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jerry McCutchen, Sr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Berthel, Fisher & Company Financial Services, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Berthel, Fisher & Company Financial Services, Inc. Due To Jerry McCutchen, Sr

If you have questions about Berthel, Fisher & Company Financial Services, Inc.  and/or Jerry McCutchen, Sr and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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