Berkley Badger – Long Term Radio Host of Global Financial Review Slammed With $188,868.07 Arbitration Award | Recover Investment Losses
According to Goodman & Nekvasil, P.A.:
Goodman & Nekvasil, P.A., announces that they have won a $188,868.07 FINRA arbitration award against Berkley C. Badger (“Badger”), on behalf of Rocco J. Campanile (“Campanile”), an eighty-eight (88) year old retired widower. The award includes $126,743.70 in compensatory damages ($79,511.91 in losses and $47,231.79 in interest), $50,693.88 in attorneys’ fees, hearing costs of $11,139.49, and a $300.00 filing fee reimbursement.
Campanile is an eighty-eight (88) year old retiree who lives with his daughter in Weeki Wachee, Florida. For years, he was a loyal listener of Global Financial Review, a financial education radio program hosted by Badger for approximately thirty (30) years in the greater Tampa Bay area. Campanile began to trust Badger, particularly because Badger’s radio show included references to religion and God, subjects dear to Campanile’s heart.
Campanile opened a brokerage account with Badger and his company, Investors Choice Group, Inc. of Clearwater, Florida. Badger recommended that Campanile invest a significant portion of his life savings, namely $380,000 in high risk, high commission, illiquid alternative investments. Badger failed to disclose the risks of these investments and the high commission that he received (as much as 6% in some instances). Campanile lost $79,511.91.
“The evidence at the hearing showed that during the period between 2012 and 2016, Badger sold approximately $6.7 million in high risk, high commission, illiquid investments to Campanile and others, many of whom were elderly retirees,” says Kalju Nekvasil, Esq., of Goodman & Nekvasil, P.A., the St. Petersburg, Florida, law firm representing Campanile. “This arbitration award was designed to make Campanile whole. It shows that arbitration panels will react firmly when faced with concrete evidence of overreaching by a trusted financial advisor,” says Nekvasil.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Berkley Badger and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Berkley Badger’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Berkley Badger and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 8/20/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.