Last Updated: October 2024 (Flowery Branch, Georgia)
Brian Eric Cantel Financial Advisor Fraud Alert
National securities fraud lawyers at Patil Law P.C. are investigating broker Brian Eric Cantel (CRD #1743229), who has faced customer disputes related to unsuitable investment recommendations and alleged misrepresentation. His record raises concerns for potential investors.
Brian Eric Cantel (CRD #1743229) is a financial advisor with decades of experience, currently registered with Berthel, Fisher & Company Financial Services in Flowery Branch, Georgia. However, his career has been marked by multiple customer disputes, including allegations of unsuitable investment recommendations and misrepresentation, raising concerns about his handling of client portfolios. Below, we provide further details on these issues and other relevant information for potential investors.
Critical insights about Flowery Branch, GA stockbroker Brian Eric Cantel:
- Advisor Name: Brian Eric Cantel
- CRD: 1743229
- Location: Flowery Branch, Georgia
- Current Employer: Berthel, Fisher & Company Financial Services, Inc.
- Classification: Stockbroker + Financial Advisor
- Primary Location: Flowery Branch, GA
- Can Brian Eric Cantel be sued in private FINRA arbitration: Yes
- Has Mr. Cantel been barred by FINRA: No
- Pending Customer Dispute: Yes (see below)
If you have suffered investment losses due to Brian Eric Cantel, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law P.C. via the secure online form or call the firm directly toll-free at (800) 950-6553.
Lost Money With Stockbroker Brian Eric Cantel?
Brian Eric Cantel has been involved in several disputes related to allegations of unsuitable recommendations and violations of securities laws:
- Customer Dispute (2021): A customer alleged that Cantel recommended unsuitable investments and misrepresented them, resulting in damages of $25,000. This case was settled for $10,000.
- Pending Customer Dispute (2022): Another client alleges that between 2012 and 2019, Cantel misrepresented investments, leading to overconcentration of high-risk investments. This case remains pending with no damages specified at this time (FINRA Case #22-02486).
Allegations of Broker Misconduct Against Brian Eric Cantel
Brian Eric Cantel has faced the following allegations across customer disputes:
- Unsuitable Investment Recommendations: Clients have alleged that Cantel recommended high-risk investments that were not suitable for their financial profiles, particularly in relation to real estate securities and business development companies.
- Misrepresentation: Claims involve misleading clients regarding the risks and benefits of certain investments, leading to violations of FINRA Rule 2111 (suitability) and FINRA Rule 2010 (standards of commercial honor and integrity).
These actions suggest violations of FINRA Rule 2111, which governs the suitability of investment recommendations, and FINRA Rule 2010, which mandates ethical conduct in the securities industry.
Broker Experience Summary
Brian Eric Cantel (CRD #1743229) is a financial advisor with extensive experience in the securities industry, having been active since 1988. He is currently registered with Berthel, Fisher & Company Financial Services, Inc. in Flowery Branch, Georgia. Cantel has worked with several firms over his career, including AXA Advisors, LLC and LPL Financial LLC, where he held a variety of roles related to financial planning and securities trading. He has passed multiple industry-standard exams, including the Series 7 – General Securities Representative Examination and the Series 63 – Uniform Securities Agent State Law Examination, which allow him to operate as a financial advisor and stockbroker in several states.
Throughout his career, Cantel has held registrations in states such as Georgia, Florida, and North Carolina, providing advisory services to a wide range of clients. While he has built a lengthy career, Cantel’s record includes customer disputes related to unsuitable investment recommendations and alleged misrepresentation, raising concerns for potential investors.
Negative Disclosures and Customer Disputes
Brian Eric Cantel has been involved in multiple customer disputes, which have resulted in settlements and ongoing cases:
- Settlement (2021): A customer filed a complaint in 2021 alleging that Cantel made unsuitable investment recommendations and misrepresented the nature of certain investments. The case sought $25,000 in damages and was settled for $10,000.
- Pending Dispute (2022): In 2022, another client filed a complaint alleging that between 2012 and 2019, Cantel misrepresented investments, leading to an overconcentration of high-risk products in their portfolio. This case is still pending, with no specific damages disclosed as of yet.
There have been no reported tax liens or additional regulatory actions involving Brian Eric Cantel.
Allegations and Accusations
Brian Eric Cantel has faced the following allegations throughout his career:
- Unsuitable Investment Recommendations: Cantel has been accused of recommending high-risk investments that were not suitable for his clients’ financial goals or risk tolerance, particularly in relation to real estate securities and business development companies.
- Misrepresentation: Clients have alleged that Cantel misled them regarding the risks and potential rewards of the investments he recommended, which violated both FINRA Rule 2111 (suitability) and FINRA Rule 2010 (commercial honor and integrity).
FINRA Rule 2111, the Suitability Rule, requires brokers to have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer, based on the customer’s financial situation, needs, and investment profile. This rule covers the three key obligations: reasonable-basis suitability (the recommendation must be suitable for at least some investors), customer-specific suitability (the recommendation must be appropriate for that particular customer), and quantitative suitability (ensuring that the number of recommended transactions is not excessive). Related rules include FINRA Rule 2090, the Know Your Customer Rule, which mandates that brokers understand their clients’ investment profiles to provide suitable advice.
These accusations suggest potential violations of FINRA regulations that govern the suitability of investment recommendations and ethical conduct in the securities industry.
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have suffered investment losses in an account handled by Brian Eric Cantel or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Our cases are handled on a contingency basis. We don’t get paid unless we win for you.
