""This is a case brought by one indivi.
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the applicable securities rules and regulations. "It also alleges negligent misrepresentation, aiding and abetting fraud, and violation of securities laws. Court documents say Berthel Fisher failed to disclose to investors that their money would be commingled with other investors' funds to pay investors in other funds in a "Ponzi scheme fashion.
who lost money in a failed real estate investment deal.
District Court in Cedar Rapids, seeks class action status, recovery of losses, and other damages from Berthel Fisher Company Financial Services of Marion. The firm promoted securities sold by Thompson National Properties, a California real estate investment company. Jon Hanson, a Colorado retiree who invested $75,000, filed the lawsuit last month on behalf of about 200 other investors who committed about $26 million.
The lawsuit alleges Berthel Fisher promoted the investment beginning in 2008 and "had a duty to conduct an independent, thorough, and reasonable investigation of the scheme and the offering to ensure that they did not violate Adidas Originals Stan Smith Mens Trainers - Black
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