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TIC Complaints for Berthel Fisher Broker, John Notman

iStock_000008431693Medium-300x200The securities and investment fraud law firm Fitapelli Kurta is interested in hearing form investors who have complaints regarding former California-based Berthel Fisher broker/adviser John Notman (CRD# 1033267).

John Notman has spent 30 years in the securities industry and was most recently registered with Berthel Fisher & Company in Stockton, California (2003-2012). Previous registrations include Continental Capital Investment Services in Bryan, Ohio (1997-2003); Dean Witter Reynolds in Purchase, New York (1995-1997); Merrill Lynch in New York, New York (1990-1995); Painewebber in Weehawken (1986-1990); Prudential-Bache Securities (1984-1986); and Private Ledger Financial Services (1982-1984). He is currently not registered with any firm, though records indicate he is currently employed with the Notman Financial Group in Stockton, California.

According to his BrokerCheck report, John Notman is the subject of 25 customer complaints and three pending customer complaints. He was also discharged from Berthel Fisher and Dean Witter Reynolds.

  • In April 2015 a customer alleged John Notman, while employed at Berthel Fisher, misrepresented and recommended an unsuitable investment in tenant-in-common (TIC) interests. The customer is seeking more than $478,000 in damages in the pending complaint.
  • In January 2015 a customer alleged John Notman, while employed at Berthel Fisher, failed to supervise a representative and misrepresented an unsuitable investment in TIC properties. The customer is seeking $286,000 in damages in the ending complaint.
  • In 2014 a customer alleged John Notman, while employed at Berthel Fisher, failed to conduct proper due diligence and misrepresented an unsuitable investment in TIC properties. The customer is seeking unspecified damages in the pending complaint.
  • In 2014 a customer alleged John Notman, while employed at Berthel Fisher, misrepresented unsuitable TIC investments in 2003 and 2004. The customer is seeking unspecified damages in the pending complaint.
  • In 2014 a customer alleged John Notman, while employed at Berthel Fisher, misrepresented an unsuitable investment in TIC interests. The complaint settled in 2015 for $120,000.
  • In 2013 a customer alleged John Notman, while employed at Berthel Fisher, misrepresented unsuitable TIC investments. The complaint settled in 2014 for $80,000.
  • In 2013 a customer alleged John Notman, while employed at Berthel Fisher, sold unsuitable TIC interests. The complaint settled for $36,000.
  • In 2012 a customer alleged John Notman, while employed at Berthel Fisher, misrepresented an unsuitable TIC investment and failed to perform adequate due diligence. The complaint settled for $193,500.
  • In 2011 a customer alleged John Notman, while employed at Berthel Fisher, misrepresented and recommended an unsuitable investment in TIC interests. The complaint settled in 2012 for $300,000.

If you have lost money investing with John Notman, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.