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Steve Cummings Formerly With Berthel, Fisher & Company Financial Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Steve Cummings formerly with Berthel, Fisher & Company Financial Services?

Steve Cummings (CRD #2274017) who was formerly registered with Berthel, Fisher & Company Financial Services and located in Fort Deposit, Alabama is a subject of one of our many securities industry sales practice abuse investigations.

Steve Cummings was also the subject of an investigation by the State of Alabama Securities Commission for the alleged offer and sale of unregistered securities in that state.  The matter was settled and Steve Cummings paid a fine.

Steve Cummings Customer Complaints

Steve Cummings has been the subject of 3 customer complaints that we know about. One of Steve Cummings’ 3 customer complaints was settled in favor of investors. One of Steve Cummings’ customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Berthel, Fisher & Company Financial Services for investment losses caused by Steve Cummings’ alleged misconduct.

Allegations Against Steve Cummings

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

  • The client alleged the investment he purchased was unsuitable and misrepresented to him by Steve Cummings. The client also alleges the firm failed to supervise the actions of the representative.
  • Another set of clients alleged in a separate proceeding that the investments they purchased were unsuitable and misrepresented by Steve Cummings. They also allege that the firm failed to supervise the actions of the representative.
  • The clients allege the REIT they purchased was misrepresented to them. They allege Steve Cummings guaranteed the safety of their original investment and told them they would never lose the money they invested.

Steve Cummings Red Flags & Your Rights As An Investor

Of course, Steve Cummings 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 Steve Cummings at Berthel, Fisher & Company Financial Services on alert to review carefully the activity and performance of their accounts and question whether Steve Cummings 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 also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Berthel, Fisher & Company Financial Services Due To Steve Cummings

If you have questions about Berthel, Fisher & Company Financial Services and/or Steve Cummings 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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