Advisor Alert: Our Attorneys Are Investigating Dennis Michael Fearing For Investment Fraud
Did You Lose Money Because of Dennis Fearing?
Filed: February 2, 2024
Dennis Fearing currently has one (1) pending customer complaint and one (1) pending judgment/lien event. Overall, he has been the subject of four (4) customer complaints and one (1) judgment/lien event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Dennis Michael Fearing.
Who Is Dennis Michael Fearing?
- Advisor Name: Dennis Michael Fearing
- Aliases: Dennis Fearing
- CRD: 1288339
- Location: Coleraine, Minnesota
- Current Employer: Currently Not Registered
- Previous Firms: Berthel, Fisher & Company Financial Services, Inc., Northland Securities, Inc., and Associated Financial Services, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Judgment/Lien Events: 1
- Can Dennis Fearing Be Sued: Yes, in Private Arbitration
- Can Dennis Fearing’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,100,000
- Highest Settlement: $325,000
If you have suffered investment losses by Dennis Fearing, 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 1-800-950-6553.
Customer Complaints Filed Against Dennis Fearing For Broker Misconduct
As of this publication date, Dennis Fearing has been the subject of 4 customer disputes and 1 judgment/lien event. Let’s review them below.
In March 2022, a FINRA arbitration was filed against or in reference to Dennis Fearing by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that between 2014 – 2018 the investments recommended to them and purchased by them were not suitable, were inconsistent with their objectives and directives, and were misrepresented by Mr. Fearing. They further allege their account was over concentrated in privately traded products. Additionally they allege the firm failed to perform appropriate due diligence and failed to supervise the activities of the representative. Per the customers, they lost over $750,000 because of Mr. Fearing’s actions. As of this publication date, this claim remains pending.
In June 2021, a FINRA arbitration was filed against or in reference to Dennis Fearing by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that Mr. Fearing breached his fiduciary duties by misrepresenting the risks of the investments and failed to disclose the excessive fees earned on their investments between 2011-2015. In addition, the client alleges the firm was negligent, did not conduct adequate due diligence, and failed to supervise the representative. Per the customer, he/she lost over $200,000 because of Mr. Fearing’s actions. On June 7, 2022, Mr. Fearing settled the claim for $14,999, and some or all of this amount may have been paid by Mr. Fearing’s employer and/or insurance carrier.
In December 2020, a FINRA arbitration was filed against or in reference to Dennis Fearing by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased between 2012-2017 were unsuitable and misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence. Per the customers, they lost over $1,100,000 because of Mr. Fearing’s actions. On July 28, 2023, Mr. Fearing settled the claim for $325,000, and some or all of this amount may have been paid by Mr. Fearing’s employer and/or insurance carrier.
In February 2020, Dennis Fearing was the subject of a civil judgment or lien in the amount of $57,980.60. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In April 2004, a FINRA arbitration was filed against or in reference to Dennis Fearing by a customer of American Express Financial Advisors alleging that Mr. Fearing misrepresented the insurance policy at the point of sale. The client indicated that she would have to pay a substantial amount to have a paid up insurance policy. Per the customer, she lost over $41,000 because of Mr. Fearing’s actions.
How To File A Claim Against Dennis Fearing (previously with Berthel, Fisher & Company Financial Services, Inc., Northland Securities, Inc., and Associated Financial Services, Inc.) To Get Your Money Back
If you have questions about Dennis Fearing, Berthel, Fisher & Company Financial Services, Inc., Northland Securities, Inc., Associated Financial Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.