Victim of Financial Fraud? Call Now

Craig Frederickson Allegedly Misrepresented Unsuitabled Investments

Craig Frederickson (CRD #: 1202302), a broker registered with Berthel, Fisher & Company is the subject of an investor complaint. This is according to his BrokerCheck record, accessed on May 6, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 13, 2024, an investor alleged that Craig Frederickson misrepresented unsuitable investments. The investor further alleged that the registered representative breached his fiduciary duty. The investor is seeking $499,999. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

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

Background Information 

Craig Frederickson has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 6TO Investment Company Products / Variable Contracts Representative Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 16 states and is a registered investment adviser in Utah. 

During his 21 years of experience, Craig Frederickson has registered with three firms: 

  • Berthel, Fisher & Company Financial Sevices (CRD #: 13609) 
  • Money Concepts Capital Corp. (CRD #: 12963) 
  • First American National Securities (CRD #: 10111) 

Kurta Law Can Help 

If you have worked with Craig Frederickson 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.