GORDON MORRISON ROBERTS

GORDON MORRISON ROBERTS is currently employed as a Broker and/or Investment Adviser at BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. located at 2007 BROADWAY STREET, MT. VERNON, IL, 62864-2910.

GORDON MORRISON ROBERTS has worked at BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. since March 18, 2008

Disclosure History

GORDON MORRISON ROBERTS has 3 Disclosure Event(s).

Date: January 14, 2013
Category: Customer Dispute
Allegations: CLIENT ALLEGES THE INVESTMENTS WERE UNSUITABLE AND MISREPRESENTED TO HIM BY THE REPRESENTATIVE. CLIENT ALSO ALLEGES THE FIRMS FAILED TO SUPERVISE THE ACTIONS OF THE REPRESENTATIVE. THE ACTIVITY PERIOD IS DECEMBER 10, 2008 TO DECEMBER 20, 2012.
Settlement Amount: $45,000.00
Broker Comment: REPRESENTATIVE DISMISSES ANY AND ALL ALLEGATIONS MADE AGAINST HIM BY THE CLIENT. REPRESENTATIVE BELIEVES HE ACTED IN A SUITABLE AND RESPONSIBLE MANNER IN GIVING ADVICE FOR THE CLIENT'S RETIREMENT ACCOUNT. CLIENT WAS GIVEN ALL DISCLOSURES AND SIGNED DOCUMENTS STATING HE UNDERSTOOD THE RISKS ASSOCIATED WITH HIS INVESTMENTS. CLIENT ALSO CLEARLY STATED IN SIGNED DOCUMENTATION THAT HE UNDERSTOOD SOME OF HIS INVESTMENTS WERE NOT LIQUID. REPRESENTATIVE EXPRESSLY DENIES MISREPRESENTING ANY INVESTMENTS AND DENIES ALL ALLEGATIONS OF FRAUD. THE FIRM, SOLELY TO COMPROMISE AND SETTLE DISPUTED CLAIMS, AGREED TO SETTLE AN ARBITRATION WITH THE CLAIMANT. BERTHEL FISHER'S PORTION OF THE SETTLEMENT IS $10000.00 AND INVESTMENT PLANNER'S IS $35000.00

Date: August 17, 2010
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES THAT THE REPRESENTATIVE WAS NEGLIGENT, BREACHED HIS FIDUCIARY DUTIES, AND THE RECOMMENDED TRANSACTIONS WERE UNSUITABLE.
Damage Amount Requested: $400,000.00
Settlement Amount: $52,500.00
Broker Comment: THE SETTLEMENT AGREEMENT IS A COMPROMISE OF A DISPUTED CLAIM AND NOT TO BE CONSTRUED AS AN ADMISSION OF ANY WRONGDOING OR LIABILITY ON THE PART OF THE REPRESENTATIVE OR THE BROKER/DEALER BY WHOM LIABILITY IS EXPRESSLY DENIED

Date: October 23, 2002
Category: Customer Dispute
Allegations: IN OR ABOUT MARCH, 2001, I GORDON ROBERTS RECOMMENDED MY CLIENTS PURCHASE LIFE INSUANCE POLICIES. THE FUNDING WOULD COME FROM THEIR IRA ACCOUNTS. AFTER THE POLICIES WERE IN FORCE FOR 8 OR 9 MONTHS, THE CUSTOMER WANTED THEIR MONEY BACK. (FEB. 2002)
Damage Amount Requested: $55,000.00
Settlement Amount: $30,000.00
Broker Comment: THIS ISSUE WAS COMPLETELY SETTLED IN MEDIATION. NO NASD OR REGULATORY ACTION WAS RECOMMENDED OR TAKEN AGAINST GORDON ROBERTS.

More Information

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