Jeffrey Paul Dragon & Berthel, Fisher & Co. Financial Services, Inc.—Unsuitable Recommendations

New York investor rights attorneyJeffrey Paul Dragon Allegedly Produced over $421,000 in Commissions for Himself and Berthel, Fisher & Co. Financial Services, Inc. at the Purported Expense of Customers; Jeffrey Paul Dragon Allegedly Recommended and Effected a Pattern of Unsuitable Short-term Trading of Unit Investment Trusts (UITs)

Jeffrey Paul Dragon, over a two-year period, allegedly generated over $421,000 in commissions for himself and his firm, Berthel, Fisher & Co. Financial Services, Inc., at the purported expense of his customers, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Jeffrey Paul Dragon’s alleged unsuitable recommendations.

Investors who believe they may have lost money in activity related to Jeffrey Paul Dragon’s alleged unsuitable recommendations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Jeffrey Paul Dragon allegedly recommended and effected a purported pattern of unsuitable short-term trading of unit investment trusts (UITs), according to the aforementioned Complaint.

The Peiffer Rosca Wolf securities lawyers are currently investigating Jeffrey Paul Dragon’s alleged unsuitable recommendations.

Jeffrey Paul Dragon and Berthel, Fisher & Co. Financial Services, Inc. Allegedly Failed to Detect over 2,700 of its Customers’ UIT Purchases whom did not Receive Applicable Sales-charge Discounts Purportedly Resulting in Berthel Customers Paying Excessive Sales Charges of Around $667,000

Jeffrey Paul Dragon and Berthel, Fisher & Co. Financial Services, Inc., from 2010 through 2014, also allegedly failed to detect that more than 2,700 of its customers’ UIT purchases did not receive applicable sales-charge discounts, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Berthel, as a result, allegedly paid excessive sales charges of approximately $667,000, and Jeffrey Paul Dragon also allegedly recommended to 12 customers– many of whom were purportedly seniors and so-called unsophisticated investors– that they liquidate UIT positions which they had held for a short period, the Complaint notes.

Dragon’s customers allegedly held their positions for only a few months, which they had purchased on Dragon’s recommendations and then used the proceeds to purchase other UITs, the Complaint reports.

Finally, Berthel’s only regular supervisory review of UIT recommendations and customer activity allegedly consisted of manual reviews of daily trade blotters that did not indicate either how long Dragon‘s recommendations to these aforementioned customers were further unsuitable, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Jeffrey Dragon’s alleged unsuitable recommendations. 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 Jeffrey Paul Dragon’s alleged unsuitable recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.