In May 2009, FINRA Enforcement announced that Michael Ross Berkoff had been suspended from FINRA for a period of 30 business days and fined $10,000. Without admitting or denying FINRA’s findings, Berkoff consented to findings that he had failed to enter a stop-loss order on behalf of a client, and borrowed $8,000 from a customer in violation of Gunnallen’s firm rules, as well as FINRA Rules 2110 and 2370.
According to Berkoff’s FINRA Broker Report, he has also been named in three separate customer complaints involving unsuitable trading, use of margin, misrepresentation, and unauthorized trading.
Prior to working for Gunnallen Financial, Berkoff worked for Westminster Financial Services, Inc. in Vandalia, Ohio.
If you have questions about investments you made with Berkoff or one of the firms he worked for, or if you believe that you have been the victim of a securities fraud, the Law Offices of David A. Carter, P.A. may be able to help. The Law Offices of David A. Carter, P.A. is a South Florida securities fraud, securities arbitration, investor protection, and Chapter 7 bankruptcy law firm based in Boca Raton. David Carter is a securities attorney that reviews securities fraud cases throughout the country and Florida, including securities cases in Delray Beach, Boynton Beach, Stuart, Fort Myers, Naples, Deerfield Beach, Fort Lauderdale, and Fort Pierce. To contact the Law Offices of David A. Carter, P.A., please call 561-750-6999, or email us at contact@carterpa.com.