CLIENTS ALLEGE REIT INVESTMENTS WERE NOT SUITABLE

$51,000.00

$14,500.00

The representative is not named as a Respondent in this case. The firm and representative deny the allegations of unsuitability and misrepresentation. The client previously invested in non-traded offerings and remains a client of the firm.

CLIENT IS ALLEGING THE REPRESENTATIVE MISREPRESENTED THE 2007 REIT INVESTMENT AND DID NOT EXPLAIN THAT THE INVESTMENT WAS ILLIQUID.

$22,250.00

$10,000.00

The Firm, solely to compromise and settle disputed claims, agreed to settle an arbitration with the Claimant. Mr. Hill's contribution to the settlement were for legal fees only. No monies were applied from Mr. Hill towards payment to [REDACTED] in response to Berthel Fisher's decision to settle this case without going to arbitration.

CLIENTS ALLEGE THE INVESTMENTS WERE UNSUITABLE AND MISREPRESENTATED TO THEM. CLIENTS ALSO ALLEGE THE FIRM FAILED TO SUPERVISE AND CONDUCT ADEQUATE SUPERVISION. INVESTMENTS PURCHASED IN 2006.

$350,000.00

REPRESENTATIVE IS NOT NAMED AS A RESPONDENT IN THIS CASE. THE FIRM AND THE REPRESENTATIVE DENY THE ALLEGATIONS OF UNSUITABILITY AND MISREPRESENTATIONS AND BELIEVE THE ARBITRATION IS WITHOUT MERIT. THE CLIENT HAS INVESTED IN MULTIPLE TIC OFFERINGS AND REMAINS A CLIENT OF THE REPRESENTATIVE AND THE FIRM. THIS CASE HAS BEEN DISMISSED WITHOUT PREJUDICE AND COMBINED WITH CASE 12-01154.

CLIENTS ALLEGE THE INVESTMENTS WERE UNSUITABLE AND MISREPRESENTATED TO THEM. CLIENTS ALSO ALLEGE THE FIRM FAILED TO SUPERVISE AND CONDUCT ADEQUATE SUPERVISION. INVESTMENTS PURCHASED IN 2006 AND 2008.

$450,000.00

$80,000.00

REPRESENTATIVE IS NOT NAMED AS A RESPONDENT IN THIS CASE. THE FIRM AND THE REPRESENTATIVE DENY THE ALLEGATIONS OF UNSUITABILITY AND MISREPRESENTATIONS AND BELIEVE THE ARBITRATION IS WITHOUT MERIT. THE CLIENT HAS INVESTED IN MULTIPLE TIC OFFERINGS AND REMAINS A CLIENT OF THE REPRESENTATIVE AND THE FIRM.

CLIENT ALLEGES THAT MIKE HILL MISREPRESENTED THE CUSTOMER'S ABILITY TO ROLL OVER HIS VAN KAMPEN UIT WITHOUT REDUCING THE NUMBER OF SHARES OWNED.

$11,000.00

$9,700.00

TEXAS STATE SECURITIES BOARD

Not Provided

Order

Monetary/Fine

$5,000.00

ON SEPTEMBER 3, 1998, THE SECURITIES COMMISSIONER ENTERED A DISCIPLINARY ORDER AND UNDERTAKING AGAINST MICHAEL GLEN HILL. RESPONDENT OFFERED FOR SALE & SOLD SECU[CITIES AS AN AGENT AT A TIME WHEN HE WAS NOT REGISTERED WITH THE SECURITIES COMMISSIONER. PURSUANT TO SECTION 14.A(6) AND 23-1 OF THE TEXAS SECURITIES ACT AN UNDERTAKING, ORDER AND FINE OF $5,000.00 IS ISSUED.