Brian Berger – Financial Advisor Brian Berger Discharged by MetLife Securities | Goodman & Nekvasil P.A, May Recover Investor Losses
Brian Berger aka Brian Michael Berger CRD #3208127
From 2014 until Brian Berger’s firing in 2015, Brian Berger was licensed with MetLife Securities, Inc. Brian Berger was subsequently licensed with Newbridge Securities Corporation and was licensed with Wells Fargo Advisors, LLC immediately prior to working for MetLife Securities, Inc. According to FINRA’s records, Brian Berger was fired by MetLife Securities, Inc. on April 10, 2015. MetLife Securities, Inc. reported to FINRA that Brian Berger was fired for not following company policy with respect to customer signatures on account documents.
Following Brian Berger’s firing by MetLife Securities, Inc. FINRA investigated Brian Berger and brought a disciplinary action against Brian Berger. Brian Berger was permanently barred from the securities and investment banking industry on July 23, 2015. Brian Berger consented to the sanction and to FINRA findings that Brian Berger failed to provide the requested documents and information, and refused to appear and provide on-the-record testimony to FINRA during an investigation into allegations that Brian Berger had misappropriated funds from elderly customers while registered with member firms.
Subsequent to this sanction by FINRA, the United States Securities and Exchange Commission (SEC) filed an action on August 22, 2017 alleging that Brian Berger pleaded guilty to three counts of wire fraud in violation of Title 18, United States Code, Section 1343, before the United States District Court for the Southern District of Florida. United States v. Brian M. Berger, Case No. 9:16-CR-80167 (S.D. Fla.). FINRA reports that on February 1, 2017 a judgment in the criminal case was entered against Brian Berger. According to FINRA, Brian Berger was sentenced to a prison term of 18 months followed by three years of supervised release and was ordered to pay restitution in the amount of $372,643.
FINRA also reports that in connection with that plea, Brian Berger admitted that between April 2013 and September 2015, Brian Berger engaged in a scheme to defraud and used his position to either transfer money from client investment accounts to which he had access or convince clients to give him money to invest in non-existent businesses. FINRA reports that Brian Berger admitted to the Federal Bureau of Investigation (FBI) that Brian Berger utilized unauthorized transfers from client accounts to pay his personal Discover credit card account and obtained money for personal use by taking cash advances from that same Discover credit card account. Finally, FINRA reports that Brian Berger also admitted to making unauthorized withdrawals from the accounts of two clients and that Brian Berger further admitted to taking through his fraud schemes a total of $372,543.
FINRA reports that two complaints have been filed involving Brian Berger’s conduct with Wells Fargo Advisors, LLC alleging that payments against brokerage accounts, for Discover credit card accounts owned by Brian Berger were unauthorized. These complaints were settled for $231,136.70 and $186,474.44. FINRA also reports that a previous arbitration claim involving Brian Berger’s conduct was settled.
If you lost any money on investments with Brian Berger while Brian Berger was employed with MetLife Securities, Inc., Newbridge Securities Corporation, and/or Wells Fargo Advisors, LLC, you may be able to recover your losses from MetLife Securities, Inc., Newbridge Securities Corporation, and/or Wells Fargo Advisors, LLC. This is because MetLife Securities, Inc., Newbridge Securities Corporation, and Wells Fargo Advisors, LLC had a duty to supervise Brian Berger.
If you lost money on investments with Brian Berger 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 against MetLife Securities, Inc., Newbridge Securities Corporation, and/or Wells Fargo Advisors, LLC concerning Brian Berger’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 $170 million on behalf of victimized investors. If you lost money on investments with Brian Berger 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.
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