Berthel, Fisher & Co. Financial Services Inc.

04/26/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT No. 2018057425202 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Berthel, Fisher & Co. Financial Services, Inc. (Respondent) Member Firm CRD No. 13609 Pursuant to FINRA Rule 9216, Respondent Berthel, Fisher & Co. Financial Services, Inc. (Berthel Fisher) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC.

Reference 2018057425202data-portal.finra.orgfinra.org

02/05/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Berthel, Fisher & Co. Financial Services, Inc. (CRD No. 13609), Respondent. Disciplinary Proceeding No. 2014039169601 Hearing Officer Dixon ORDER ACCEPTING OFFER OF SETTLEMENT Date: February 5, 2018 INTRODUCTION Disciplinary Proceeding No. 2014039169601 was filed on March 20, 2017, by the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) (Complainant).

03/20/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Berthel, Fisher & Co. Financial Services, Inc. (CRD No, 13609), and Jeffrey Paul Dragon (CRD No. 1874038), Respondents. DISCIPLINARY PROCEED1NG No. 2014039169601 COMPLAINT The Department of Enforcement alleges: I. SUMMARY 1. Over a two-year period, Jeffrey Dragon, a registered representative of Berthel, Fisher & Co. Financial Services. Inc., generated more than $421,000 in concessions for himself

Reference 2014039169601data-portal.finra.orgdata-portal.finra.orgfinra.org