Advisor Alert: Our Attorneys Are Investigating Jerry Dewayne McCutchen Sr. For Investment Fraud

Chetan Patil on February 13, 2024

Did You Lose Money Because of Jerry McCutchen Sr.?

Filed: February 9, 2024

Jerry McCutchen Sr. currently has one (1) pending judgment/lien event. Overall, he has been the subject of two (2) regulatory events, fifty-one (51) 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 Jerry Dewayne McCutchen Sr..

Who Is Jerry Dewayne McCutchen Sr.?

Advisor Name: Jerry Dewayne McCutchen Sr.
Aliases: Jerry Dewayne Mccutchen
CRD: 1076678
Location: Mobile, Alabama
Current Employer: No Longer Allowed to Practice in the Securities Industry
Previous Firms: Berthel, Fisher & Company Financial Services, Inc., Next Financial Group, Inc., and FSC Securities Corporation
Number of Known Customer Complaints: 51
Number of Known Regulatory Events: 2
Number of Known Judgment/Lien Events: 1
Can Jerry McCutchen Sr. Be Sued: Yes, in Private Arbitration
Can Jerry McCutchen Sr.’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
Highest Damages Allegation: $1,473,000
Highest Settlement: $1,011,115

If you have suffered investment losses by Jerry McCutchen Sr., 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 Jerry McCutchen Sr. For Broker Misconduct

As of this publication date, Jerry McCutchen Sr. has been the subject of 2 regulatory events, 51 customer disputes, and 1 judgment/lien event. Let’s review them below.

In March 2020, a complaint was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging damages related to the investments they purchased through the representative in 2007. On October 14, 2020, Mr. McCutchen settled the claim for $106,485, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In February 2020, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that Mr. McCutchen’s unsuitable investment recommendations resulted in losses in Claimants’ accounts due to negligence, fraud, misrepresentations and omissions, failure to supervise, and grossly unsuitable investment recommendations. Per the customer, he/she lost over $168,000 because of Mr. McCutchen’s actions. On December 9, 2020, Mr. McCutchen settled the claim for $25,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In January 2020, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2009-2014 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 $500,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $531,770, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In January 2020, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2006-2008 were unsuitable and misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative and to conduct adequate due diligence. Per the customers, they lost over $1,000,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $207,295, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2019, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2011-2014 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 $300,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $176,750, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2019, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased between 2006-2007 were unsuitable and misrepresented to her by the representative. The client also alleges the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence. Per the customer, she lost over $200,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $69,830, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2019, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2007-2010 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 $600,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $563,620, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2019, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2007-2010 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 $300,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $208,605, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In November 2019, FINRA initiated a regulatory action against or in reference to Jerry McCutchen Sr. for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

In September 2019, a complaint was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2007 were misrepresented to him by Mr. McCutchen. On January 17, 2020, Mr. McCutchen settled the claim for $201,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In April 2019, a complaint was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investment he purchased in 2008 did not meet his objectives in that he did not want any risk and he needed to be able to make withdrawals.

In December 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2007 and 2013 were unsuitable and misrepresented by the representative. The clients also allege the firm failed to supervise the actions of the representative and to conduct adequate due diligence. Per the customers, they lost over $625,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $325,130, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In November 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased in 2007-2012 were unsuitable and misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative.

In September 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. and Concorde Investment Services, Inc. alleging that the products they purchased between 2010 and 2014 were unsuitable and misrepresented to them by the representative. They also allege the firm failed to supervise the actions of the representative. On August 7, 2019, Mr. McCutchen settled the claim for $60,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In May 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2007 and 2009 were unsuitable and misrepresented to her by the representative. The client also alleges the firm failed to supervise the actions of the representative. Per the customer, she lost over $900,000 because of Mr. McCutchen’s actions. On October 9, 2019, Mr. McCutchen settled the claim for $695,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In May 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in between 2005-2010 were unsuitable and misrepresented to her by the representative. The client also alleges the firm failed to supervise the actions of the representative. Per the customer, she lost over $300,000 because of Mr. McCutchen’s actions. On August 2, 2019, Mr. McCutchen settled the claim for $40,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In March 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased in 2008 were unsuitable and misrepresented to them. They also allege the firm failed to supervise the representative. Per the customers, they lost over $1,000,000 because of Mr. McCutchen’s actions. On February 25, 2020, Mr. McCutchen settled the claim for $537,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In February 2018, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2007 and 2008 were unsuitable and misrepresented by the representative. The client also alleges the firm failed to supervise the actions of the representative. On October 17, 2018, Mr. McCutchen settled the claim for $15,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In August 2017, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased between October of 2007 and July of 2009 were unsuitable and were misrepresented to them by the representative. The clients also allege that the firm failed to supervise the actions of the representative. On December 13, 2017, Mr. McCutchen settled the claim for $59,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In June 2017, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2007 and 2012 were unsuitable and were misrepresented to them by the representative. The clients also allege that the firm failed to supervise the actions of the representative. Per the customer, he/she lost over $626,000 because of Mr. McCutchen’s actions. An arbitration panel found that Jerry McCutchen Sr. was negligent and awarded $1,011,115 in favor of the customers.

In June 2017, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments she purchased between 2007 and 2014 were unsuitable and were misrepresented to her by the representative. The client also alleges that the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence. Per the customer, she lost over $175,000 because of Mr. McCutchen’s actions. On April 11, 2018, Mr. McCutchen settled the claim for $40,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In June 2017, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that Mr. McCutchen mishandled assets by over concentrating the assets in illiquid non-traded alternative investments, which were unsuitable for the claimant’s age, investment goals and risk tolerance. Per the customer, she lost over $569,000 because of Mr. McCutchen’s actions. On May 24, 2018, Mr. McCutchen settled the claim for $40,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In May 2017, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased between 2008 and 2010 were unsuitable and were misrepresented to them by the representative. The clients also allege that the firm failed to supervise the actions of the representative. Per the customers, they lost over $817,000 because of Mr. McCutchen’s actions. On October 14, 2020, Mr. McCutchen settled the claim for $943,045, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In February 2017, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased from 2007-2010 were unsuitable and were misrepresented by the representative. The claimants also allege the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence. On July 18, 2017, Mr. McCutchen settled the claim for $15,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased in 2009 and 2010 were unsuitable and were misrepresented to them by the representative. The clients also allege that the firm failed to supervise the actions of the representative. On September 6, 2017, Mr. McCutchen settled the claim for $12,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that in or around June 2006, they invested their savings in REITs but wanted to incur as little risk as possible. The representative purportedly guaranteed a return on their investments between 7% and 10%, stated they would receive $25,000 annually, retain their principle and that these investments were low risk and safe. Clients also alleged that Mr. McCutchen misrepresented each investment both at the time he sold the investments and afterward. Per the customers, they lost over $480,000 because of Mr. McCutchen’s actions. On September 1, 2017, Mr. McCutchen settled the claim for $50,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2016, a complaint was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased in 2008 and 2009 were unsuitable for their portfolio and were misrepresented to them by the representative. Per the customers, they lost over $199,000 because of Mr. McCutchen’s actions.

In November 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased between 2006 and 2009 were not suitable and were misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative. Per the customers, they lost over $990,000 because of Mr. McCutchen’s actions. On May 4, 2017, Mr. McCutchen settled the claim for $350,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In September 2016, FINRA initiated a regulatory action against or in reference to Jerry McCutchen Sr. for allegedly refusing to appear for on-the-record testimony requested by FINRA in connection with an investigation into allegations by certain customers that he made unsuitable recommendations to them with regard to the purchase of certain alternative investments.

In August 2016, a complaint was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased from 2008-2010 were misrepresented to them by the representative. Per the customers, they lost over $18,000 because of Mr. McCutchen’s actions. On September 1, 2017, Mr. McCutchen settled the claim for $1,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In June 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that the the investments they purchased in 2005 were unsuitable and misrepresented to them by the representative. On April 19, 2017, Mr. McCutchen settled the claim for $10,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In May 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2007 and 2010 were unsuitable and misrepresented to her by the representative. The claimant also alleges the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence. Per the customer, he/she lost over $50,000 because of Mr. McCutchen’s actions.

In January 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased in 2009 and 2010 were unsuitable and misrepresented to them by the representative. The claimants also allege the firm failed to supervise the actions of the representative. Per the customers, they lost over $800,000 because of Mr. McCutchen’s actions. On February 13, 2018, Mr. McCutchen settled the claim for $87,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In January 2016, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that during the period January 2005 through January 2007, Mr. McCutchen sold them unsuitable, illiquid investments through NEXT Financial Group, Inc. Claimants followed the registered representative to a new broker/dealer in January 2007. Per the customers, they lost over $728,000 because of Mr. McCutchen’s actions. On May 4, 2017, Mr. McCutchen settled the claim for $48,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that during the period June 2005 through January 2007, Mr. McCutchen sold them unsuitable, illiquid investments through NEXT Financial Group, Inc. Claimants followed the registered representative to a new broker/dealer in January 2007. Per the customers, they lost over $1,473,000 because of Mr. McCutchen’s actions. On May 3, 2016, Mr. McCutchen settled the claim for $87,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that the alternative investments they purchased between 2005-2013 were not suitable and were misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative. Per the customers, they lost over $500,000 because of Mr. McCutchen’s actions. On December 20, 2016, Mr. McCutchen settled the claim for $65,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased between 2005-2008 were unsuitable and were misrepresented to them by the representative. The clients also allege the firm failed to supervise the actions of the representative. On December 20, 2016, Mr. McCutchen settled the claim for $145,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In November 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2009-2010 were unsuitable and misrepresented to him by the representative. The client also alleges the firm failed to supervise the actions of the representative. Per the customer, he lost over $500,000 because of Mr. McCutchen’s actions. On October 20, 2016, Mr. McCutchen settled the claim for $83,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In September 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that in 2007, Mr. McCutchen recommended unsuitable investments, ICON, and other non-traded REITs, including Berringer Harvard. Per the customer, he/she lost over $60,000 because of Mr. McCutchen’s actions. On October 26, 2015, Mr. McCutchen settled the claim for $38,925, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In July 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased from 2007-2009 were unsuitable and misrepresented by the representative. The client also alleges the firm failed to supervise the actions of the representative. Per the customer, he lost over $75,000 because of Mr. McCutchen’s actions. On February 2, 2016, Mr. McCutchen settled the claim for $28,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In June 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Next Financial Group, Inc. alleging that during 2006 – 2007, Mr. McCutchen recommended the client unsuitable investments in REITs. Per the customer, she lost over $50,000.01 because of Mr. McCutchen’s actions. On January 12, 2016, Mr. McCutchen settled the claim for $15,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In March 2015, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased in 2007 were unsuitable and misrepresented by the representative. The claimant also alleges the firm failed to supervise the actions of the representative. On January 18, 2017, Mr. McCutchen settled the claim for $22,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In December 2014, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased were unsuitable and misrepresented by the representative. Clients also allege the firm failed to supervise the actions of the representative. On February 23, 2016, Mr. McCutchen settled the claim for $43,750, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In November 2014, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased were unsuitable and misrepresented by the representative. The clients also allege the firm failed to supervise the actions of the representative. On July 29, 2015, Mr. McCutchen settled the claim for $34,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In October 2014, Jerry McCutchen Sr. was the subject of a civil judgment or lien in the amount of $9,586.34. 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 September 2014, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments were misrepresented and posed risks that were not disclosed to them. The claimant also alleges the firm failed to supervise the representative. Per the customer, he/she lost over $400,000 because of Mr. McCutchen’s actions. On February 2, 2016, Mr. McCutchen settled the claim for $33,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In June 2014, a complaint was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments were not suitable and did not perform as expected. On November 25, 2014, Mr. McCutchen settled the claim for $240,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In April 2014, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased in 2008 and 2010 were misrepresented and unsuitable. The clients also allege the firm failed to supervise the representative. Per the customers, they lost over $100,000 because of Mr. McCutchen’s actions. On July 14, 2015, Mr. McCutchen settled the claim for $10,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In October 2013, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that the 2006 investments were inappropriate and unsuitable and the firm failed to supervise the representative. Per the customer, he/she lost over $250,000 because of Mr. McCutchen’s actions. On November 20, 2014, Mr. McCutchen settled the claim for $47,500, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In June 2013, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the money the client invested, beginning in 1998, in his rollover IRA was unsuitable. Per the customer, he/she lost over $400,000 because of Mr. McCutchen’s actions. On September 11, 2013, Mr. McCutchen settled the claim for $20,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In November 2012, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased in April 2007 were misrepresented and unsuitable. The client also alleges the firm failed to supervise the representative. Per the customer, he/she lost over $50,000 because of Mr. McCutchen’s actions. On September 17, 2013, Mr. McCutchen settled the claim for $20,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In July 2012, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. alleging that in or about 2005, Mr. McCutchen recommended a private investment and investments in REITs, which were unsuitable and led to a substantial loss of investments. The clients also allege violation of Alabama common law fraud, breach of fiduciary duty, negligence and negligent failure to supervise by employing firm, Next Financial Group, Inc. Per the customers, they lost over $300,000 because of Mr. McCutchen’s actions. On July 9, 2013, Mr. McCutchen settled the claim for $70,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In March 2008, a FINRA arbitration was filed against or in reference to Jerry McCutchen Sr. by multiple customers of Next Financial Group, Inc. and Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased between 2005 and 2007 were unsuitable and misrepresented by the representative. The clients also allege the firm failed to supervise the actions of the representative. Per the customers, they lost over $650,000 because of Mr. McCutchen’s actions. On March 24, 2014, Mr. McCutchen settled the claim for $45,000, and some or all of this amount may have been paid by Mr. McCutchen’s employer and/or insurance carrier.

In November 2000, a complaint was filed against or in reference to Jerry McCutchen Sr. by a customer of FSC Securities Corporation alleging unsuitable recommendations of purchase of variable annuity and sale of stock. Per the customer, he/she lost over $55,000 because of Mr. McCutchen’s actions.

How To File A Claim Against Jerry McCutchen Sr. (previously with Berthel, Fisher & Company Financial Services, Inc., Next Financial Group, Inc., and FSC Securities Corporation) To Get Your Money Back

If you have questions about Jerry McCutchen Sr., Berthel, Fisher & Company Financial Services, Inc., Next Financial Group, Inc., FSC Securities Corporation, 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.

Category: Berthel, Fisher & Company Financial Services