Bradley Bergdahl Allegedly Recommended an Unsuitable Investment

Bradley Bergdahl (CRD #: 1432349), a broker registered with Cetera Advisor Networks, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 21, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 19, 2024, an investor alleged that Bradley Bergdahl recommended an unsuitable investment. 

On January 19, 2021, an investor alleged that Bradley Bergdahl purchased an unsuitable REIT. The investor sought $225,000 and settled for $50,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell.

Background Information 

Bradley Bergdahl has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 24 General Securities Representative Examination 

He is a registered broker in eight states and is a registered investment adviser in North Dakota. 

During his 37 years of experience, Bradley Bergdahl has registered with seven firms. These are the three most recent: 

• Cetera Advisor Networks (CRD #: 13572) 
• LPL Financial (CRD #: 6413) 
• Premier Financial Services (CRD #: 111226) 

Kurta Law Can Help 

If you have worked with Bradley Bergdahl and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.