Cantel Wealth Management’s Brian Cantel Denies Investor Complaint

Flowery Branch, Georgia financial advisor Brian Cantel (CRD# 1743229) allegedly misrepresented and recommended unsuitable investments, according to recent investor complaints. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Berthel Fisher & Company, as well as a representative of Cantel Wealth Management.

Mr. Cantel’s BrokerCheck report discloses two investor complaints. The most recent, filed in November 2022, alleges that as a representative of Berthel Fisher & Company, he misrepresented and recommended unsuitable products that resulted in an “over[-]concentration of high-risk investments” in the customers’ accounts. The pending complaint, which also alleges inadequate due diligence and negligence by the firm, seeks unspecified damages.

In a statement included with the pending complaint’s disclosure, Mr. Cantel defended himself against the allegations, asserting that one of the claimants was not a firm customer. “The representative denies the allegations and believes the investments he recommended to the clients were suitable and that he disclosed the risks of the investments,” he wrote further. “The clients signed numerous forms acknowledging their understanding of the risks of the investments.”

A second investor complaint, filed in March 2021, alleged that he recommended and recommended unsuitable mutual fund and real estate investments between 2015 and 2018. In April 2021 the complaint reached a settlement of $10,000. Mr. Cantel pushed back against the complaint in a statement included with the disclosure, writing: “The representative denies the allegations and believes the investments were suitable based on the client’s stated investment objectives and risk tolerance. The Firm, solely to compromise and settle disputed claims, agreed to settle an arbitration with the Claimant.”

According to the Financial Industry Regulatory Authority, Brian Cantel holds 35 years of securities industry experience. Based in Flowery Park, Georgia, he has been a broker and an investment advisor with Berthel Fisher & Company since 2006. He is also a representative of Cantel Wealth Management. His registration history includes BFC Planning (Flowery Branch, Georgia; 2016-2018), ING Financial Partners (Windsor, Connecticut; 2004-2005), Locust Street Securities (Des Moines, Iowa; 1995-2004), and Fidelity Equity Services Corporation (1987-1995). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He is licensed in Arizona, Florida, and Georgia. (Information current as of January 12, 2023.)

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