Michael D. Dorband of Blue Springs, Montana, a stockbroker registered with Berthel Fisher Company Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Dorband failed to respond to FINRA’s request for information. FINRA Case No. 2021071383001 (December 27, 2021).
Public Disclosure shows that Dorband is also referenced in a customer initiated investment related complaint on April 23, 2021, where the customer sought $196,000.00 in damages based upon accusations that Dorband withdrew funds from the customer’s account and deposited those funds into his business accounts when Dorband was associated with Berthel Fisher Company Financial Services Inc.
On August 7, 2020, Berthel Fisher Company Financial Services Inc. discharged Dorband based upon allegations that Dorband failed to make make required disclosures on his Form U4.