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 White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
To learn more about The White Law Group, visit https://whitesecuritieslaw.com.Tags: FINRA Rule 2110, Gunnallen Financial, Michael Berkoff Last modified: December 6, 2022