Gordon Roberts, a broker and an investment adviser registered with Berthel, Fisher & Company Financial Services, Inc., is facing multiple allegations that he made a series of unsuitable investment recommendations, according to his BrokerCheck record, accessed August 26, 2020.
On June 8, 2020, a client alleged that Gordon Roberts made a series of unsuitable recommendations for investment products that were illiquid and earned Mr. Roberts high commissions. The client further alleges that these investments were over-concentrated in his portfolio. The dispute is pending.
On July 16, 2019, a client alleged that Mr. Roberts made unsuitable investment recommendations. The dispute is pending.
On January 14, 2013, clients alleged that Mr. Roberts made unsuitable investments that he misrepresented. The dispute settled for $45,000.
On August 17, 2010, a client alleged that Gordon Roberts was negligent and recommended unsuitable investments. The client sought $400,000; the dispute settled for $52,500.
On October 23, 2002, a client alleged that Mr. Roberts recommended unsuitable investments in the form of life insurance policies using funding from their IRA accounts. The clients sought damages of $55,000; the dispute settled for $30,000.
Gordon Roberts has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, and the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in Florida, Illinois, Louisiana, Missouri, Oregon, and Texas. He is a registered investment advisor in Illinois.
During his 34-year career, Gordon Roberts has worked at the following firms:
- IPI Asset Management, Inc. (CRD #: 111872)
- Investment Planners, Inc (CRD #: 18557)
- NationsBanc Investment Inc. (CRD #: 16361)
- NationsSecurities (CRD #: 32542)
- Boatmen’s Investment Services, Inc. (CRD #: 17533)
- LFG Investments Inc. (CRD #: 16511)
- Alison Baer Securities Inc. (CRD #: 11808)
- Allied Capital Group, Inc. (CRD #: 13146)
- Graystone Nash Inc. (CRD #: 10635)
- W. Gant & Associates, Inc. (CRD #: 7963)
- Michelin and Company, Inc. (CRD #: 14447)
If Gordon Roberts was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.