Brian M. Berger— Misappropriation of Funds, Failure to Respond to FINRA Investigation

Brian Michael Berger Allegedly Failed to Respond to a FINRA Investigation after Being Investigated for Purportedly Misappropriating Funds and Stealing from the Elderly

Brian Michael Berger, of Fort Lauderdale, Florida, allegedly failed to respond to a a FINRA investigation after the financial regulatory agency had conducted an investigation into Berger replete with allegations of misappropriation of funds and stealing from elderly clients, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

The AWC goes on to report that Brian Berger was a financial advisor and registered representative of Newbridge Securities Corp. from April 2015 to June 2015, that he served as rep for MetLife Securities from July 2014 to April 2015, and that he was with Wells Fargo Advisors from July 2010 to July 2014.

Brian Michael Berger Barred by FINRA after Allegedly Failing to Cooperate with Investigation

Brian Michael Berger was the subject of a FINRA investigation starting in June 2015, after FINRA looked into allegations that Berger had allegedly misappropriated funds from elderly customers while registered with Wells Fargo Advisors LLC and MetLife Securities, Inc., according to the AWC.

Berger, through his counsel, acknowledges that he received FINRA’s requests for information and that he would not provide the requested documents or information and will not appear for on-the-record testimony at any time, the AWC notes.

Hence, by not providing said documents and information and by refusing to appear for testimony, Berger allegedly violated FINRA Rules and hence, has been barred by FINRA, according to the AWC.

The Peiffer Wolf Carr & Kane Securities Lawyers Often Assist Investors

The Peiffer Wolf Carr & Kane securities lawyers are assisting investors who lose money as a result of misappropriation of funds. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of misappropriation of funds are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Broker: Brian M. Berger

Status: INVESTIGATED by Peiffer Rosca.

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Peiffer Wolf (1248 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.