Jerry McCutchen—Sales of Securities, Including Untraded Securities and REITs

Jerry McCutchen Allegedly Subject of 15 Customer Complaints, Involving Sales of Untraded Securities Including REITs

Jerry McCutchen, who from January 2007 through December 2014, was associated with Berthel Fisher & Company Financial Services, Inc., is the subject of fifteen customer complaints and one judgment or lien, according to a recent FINRA BrokerCheck Report currently being reviewed by attorneys Alan Rosca and Joe Peiffer.

The aforementioned customer complaints against McCutchen allege a number of securities law violations including that the broker made unsuitable investments, involving untraded securities including REITs, negligence, and misrepresentations among other claims.

The Peiffer Rosca Wolf securities lawyers are investigating Jerry McCutchen’s alleged unsuitable investments involving untraded securities including REITs.

Jerry McCutchen Allegedly Placed a Couple’s Retirement Funds in Purported Speculative, Illiquid Alternative Investments

Jerry McCutchen, while still registered with Berthel Fisher & Company Financial Services, Inc., has been accused of placing an elderly couple’s retirement funds in speculative, illiquid, alternative investments which he purportedly misrepresented as safe investments, according to a recent FINRA BrokerCheck Report presently being examined by attorneys Alan Rosca and Joe Peiffer.

FINRA also reports that the Tier REIT, the Icon Leasing Fund Twelve LLC, and other REITs did not have proper diversity or allocation and were not suitable for the aforementioned couple.

Jerry McCutchen is reportedly not presently registered with any firm nor is he a licensed broker at the moment, but was registered with Berthel Fisher & Co., Bay City Securities, Next Financial Group, First Funds Inc., FSC Securities Corp, Central Brokerage Services, Commonwealth Equity Services, MML Investors, Proequities Inc., and Walnut Street Securities, FINRA notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable private securities recommendations and are currently investigating Jerry McCutchen’s alleged unsuitable investments involving untraded securities including REITs.  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 alleged unsuitable private securities recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 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.