Advisor Alert: Our Attorneys Are Investigating Jonathan Todd Pyne For Investment Fraud
Did You Lose Money Because of Jon Pyne?
Filed: February 9, 2024
Jonathan Pyne (also known as Jon Pyne) has been the subject of eight (8) customer complaints. 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 Jonathan Todd Pyne.
Who Is Jonathan Todd Pyne of Berthel, Fisher & Company Financial Services, Inc. and BFC Planning, Inc.?
- Advisor Name: Jonathan Todd Pyne
- Aliases: Jon Pyne, Jonathan T Pyne
- CRD: 2580510
- Location: Plymouth, Minnesota
- Current Employer: Berthel, Fisher & Company Financial Services, Inc. and BFC Planning, Inc.
- Previous Firms: United Planners’ Financial Services of America A Limited Partner, Clearing Services of America, Inc., and 1717 Capital Management Company
- Number of Known Customer Complaints: 8
- Can Jonathan Pyne Be Sued: Yes, in Private Arbitration
- Can Jonathan Pyne’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $250,000
- Highest Settlement: $110,000
If you have suffered investment losses by Jonathan Pyne, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud 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 Jon Pyne For Broker Misconduct
As of this publication date, Jonathan Pyne has been the subject of 8 customer disputes. Let’s review them below.
In April 2021, a FINRA arbitration was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2014 were unsuitable and misrepresented by the representative. The client also alleges the firm failed to adequately supervise the representative. Per the customer, he lost over $116,000 because of Mr. Pyne’s actions. On June 6, 2022, Mr. Pyne settled the claim for $57,500, and some or all of this amount may have been paid by Mr. Pyne’s employer and/or insurance carrier.
In September 2020, a FINRA arbitration was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased between 2010 and 2014 were unsuitable and misrepresented to her by the representative. The client also alleges the firm failed to supervise the activities of the representative and failed to conduct adequate due diligence. Per the customer, she lost over $250,000 because of Mr. Pyne’s actions. On September 16, 2021, Mr. Pyne settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Pyne’s employer and/or insurance carrier.
In January 2019, a FINRA arbitration was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased between 2007-2015 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 $150,000 because of Mr. Pyne’s actions. On April 10, 2019, Mr. Pyne settled the claim for $9,500, and some or all of this amount may have been paid by Mr. Pyne’s employer and/or insurance carrier.
In December 2017, a complaint was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that Mr. Pyne failed to meet his fiduciary obligation by mismanaging her account and failing to communicate with her that her account was losing money. The client also alleges the representative surrendered her annuity without her permission. Per the customer, she lost over $19,250 because of Mr. Pyne’s actions. On September 5, 2019, Mr. Pyne settled the claim for $5,416.
In July 2017, a complaint was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the client was misled by the representative into purchasing an investment that she didn’t know was illiquid.
In September 2016, a complaint was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased in 2008 and 2009 were unsuitable and misrepresented to her by the representative. On November 21, 2016, Mr. Pyne settled the claim for $48,175.57.
In May 2011, a complaint was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that an investment was misrepresented by the representative. Per the customer, he/she lost over $9,093.80 because of Mr. Pyne’s actions.
In April 2014, a FINRA arbitration was filed against or in reference to Jonathan Pyne by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased in 2007 and 2008 were misrepresented and unsuitable. The client also alleges the firm failed to supervise the representative. Per the customer, he/she lost over $250,000 because of Mr. Pyne’s actions. On November 11, 2015, Mr. Pyne settled the claim for $110,000, and some or all of this amount may have been paid by Mr. Pyne’s employer and/or insurance carrier.
How To File A Claim Against Jon Pyne of Berthel, Fisher & Company Financial Services, Inc. and BFC Planning, Inc. (previously with United Planners’ Financial Services of America A Limited Partner, Clearing Services of America, Inc., and 1717 Capital Management Company) To Get Your Money Back
If you have questions about Jonathan Pyne, Berthel, Fisher & Company Financial Services, Inc., BFC Planning, Inc., United Planners’ Financial Services of America A Limited Partner, Clearing Services of America, Inc., 1717 Capital Management Company, 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.