James R. Bernthal, of New York, New York, a stockbroker with Dawson James Securities, has been named in pending customer initiated investment related claim filed on March 28, 2016 seeking $137,000.00 in damages based upon allegation that Bernthal effected unsuitable transactions in customer accounts and that Dawson James failed to supervise Bernthal.
FINRA Public Disclosure also reveals that Bernthal is subject to an additional customer initiated investment related arbitration claim filed in June 22, 2015, in which the customer has requested $250,000.00 in damages based upon allegations against Bernthal of committing securities fraud, breach of contract, churning of the customer’s account, and effecting of securities transactions which were unsuitable.
On February 13, 2013, Bernthal settled a customer dispute for $50,000.00 after the customer alleged that Bernthal made unsuitable investment recommendations, engaged in excessive trades with lack of supervision, and made omissions and misrepresentations to the customer concerning investments. On March 2, 2007, Bernthal became subject to a another customer arbitration claim seeking $18,985.28 in damages also based upon the allegation that Bernthal excessively traded in the customer’s account and made unsuitable investment recommendations.
Bernthal was alleged of excessive trading by another customer on February 4, 2007, in which the customer requested $20,628.03 in damages. On November 29, 2006, a customer lodged a dispute against Bernthal, in which the customer requested damages of $11,000.00 also based upon allegations that Bernthal of engaging in unsuitable trading practices.
Since 2005, Bernthal has been associated with six different broker dealers, four of which are have been expelled by securities regulators for violation of the federal securities laws or are otherwise defunct.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
