Cedar Rapids, Iowa – December 15, 2025 – Financial advisor Thomas Adam Rohn (CRD# 1306805) is currently registered with Berthel, Fisher & Company Financial Services, Inc. and BFC Planning, Inc. in Cedar Rapids, Iowa. According to FINRA BrokerCheck records, Rohn has a settled customer complaint from August 2025 alleging suitability and negligence involving GWG L bonds that resulted in a bankruptcy loss. The complaint was settled in September 2025 for $42,922.24, with the entire settlement paid by the brokerage firm. Investors who worked with Rohn and experienced losses involving GWG L bonds or other corporate debt securities should review their account statements carefully and may be entitled to pursue recovery through FINRA arbitration.
BrokerCheck Snapshot
Name: Thomas Adam Rohn
CRD #: 1306805
Firm: Berthel, Fisher & Company Financial Services, Inc. / BFC Planning, Inc.
Location: Cedar Rapids, Iowa
Years in Industry: 41
Number of Disclosures: 1 (settled customer dispute)
Customer Complaint Against Thomas Rohn
Settled Complaint – August 2025
A customer filed a written complaint on August 14, 2025 against Thomas Rohn alleging suitability and negligence related to investments in GWG L bonds. The complaint was filed while Rohn was associated with Moloney Securities Co., Inc. The customer alleged damages of $100,000.00 resulting from losses when GWG Holdings filed for Chapter 11 bankruptcy protection.
According to the disclosure, the client was an investor in GWG L bonds at the time the company filed for bankruptcy. Due to the structure of the bonds, the broker was unable to liquidate the investment prior to the Chapter 11 filing. The matter was settled on September 25, 2025 for $42,922.24, with $0.00 contributed by the individual broker. The settlement was paid entirely by the brokerage firm.
Date Complaint Received: August 14, 2025
Settlement Date: September 25, 2025
Product Type: Debt-Corporate (GWG L Bonds)
Alleged Damages: $100,000.00
Settlement Amount: $42,922.24
Individual Broker Contribution: $0.00
Status: Settled
Rohn’s statement indicates that the broker-dealer elected to settle the matter for business purposes without admitting any wrongdoing or liability, and continues to dispute the allegations made in the claim.
GWG Holdings Bankruptcy and Investor Losses
GWG Holdings, the issuer of GWG L bonds, filed for Chapter 11 bankruptcy protection, resulting in substantial losses for investors who held these corporate debt securities. GWG L bonds were high-yield corporate bonds that were marketed to retail investors seeking income. The bankruptcy left many investors unable to recover their principal investment.
Complaints related to GWG L bonds often involve allegations that the bonds were unsuitable for conservative or income-oriented investors due to their high risk profile, lack of liquidity, and concentration in a single issuer. When a broker recommends a high-risk corporate bond that subsequently defaults or enters bankruptcy, investors may have grounds for claims based on unsuitable recommendations, inadequate due diligence, or misrepresentation of the investment’s risks.
Pattern of Complaints and Risk Factors
While this appears to be Rohn’s only reported customer complaint, complaints involving corporate bond defaults may indicate concerns related to inadequate risk disclosure, failure to conduct proper due diligence on the issuer’s financial condition, or recommendations that were inconsistent with a client’s investment objectives and risk tolerance. High-yield corporate bonds carry significant credit risk and may not be appropriate for all investors, particularly those seeking capital preservation or those who cannot afford significant losses. Investors should carefully review whether their broker adequately disclosed the risks associated with concentrated positions in single-issuer corporate bonds.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk investments such as GWG L bonds may be entitled to recover losses through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
If you invested in GWG L bonds or other high-yield corporate debt securities recommended by Thomas Rohn or other brokers at Berthel, Fisher & Company and experienced losses, you may have grounds for a claim based on unsuitable recommendations, inadequate risk disclosure, or broker misconduct.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. The arbitration process is designed to provide investors with an accessible forum to resolve disputes with brokers and brokerage firms regarding unsuitable recommendations, misrepresentations, and other forms of securities misconduct.
Related Brokers and Firms
Investors who experienced losses with Thomas Rohn or other representatives at Berthel, Fisher & Company Financial Services should review their account statements and investment recommendations carefully. Our firm handles cases involving various types of broker misconduct, including:
- Unsuitable Investment Recommendations
- Investment Fraud
- Failure to Supervise
- High-Risk Corporate Bond Losses
- Misrepresentation and Omissions
Frequently Asked Questions
What is the complaint against Thomas Rohn?
Thomas Rohn has a settled customer complaint from August 2025 alleging suitability and negligence related to GWG L bonds. The customer claimed $100,000.00 in damages after GWG Holdings filed for Chapter 11 bankruptcy protection. The matter was settled in September 2025 for $42,922.24, paid entirely by the brokerage firm. The broker disputes the allegations and states the settlement was made for business purposes without admission of wrongdoing.
Can investors recover losses involving Berthel, Fisher & Company?
Yes, investors who suffered losses due to unsuitable recommendations or broker misconduct at Berthel, Fisher & Company Financial Services may be entitled to recover their losses through FINRA arbitration. Investors have rights under federal securities laws and FINRA rules, and may pursue claims for unsuitable investments, inadequate risk disclosure, misrepresentation, and other forms of misconduct. Even when settlements are reached without admission of liability, the existence of a settlement may indicate issues with the investment recommendation.
What is FINRA arbitration?
FINRA arbitration is a forum for resolving disputes between investors and brokers or brokerage firms. It is typically faster and less expensive than traditional court litigation. An arbitration panel reviews evidence, hears testimony, and makes a binding decision. Most securities disputes are resolved through this process rather than in court. The arbitration process generally takes 12-16 months from filing to resolution.
What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s financial situation, investment objectives, risk tolerance, or investment time horizon. Brokers have a duty to conduct due diligence and recommend only investments that are suitable for their clients based on the client’s individual circumstances. Recommending high-risk corporate bonds with significant credit risk to conservative investors or those seeking capital preservation may constitute unsuitable recommendations, particularly when the bonds lack liquidity or represent concentrated positions.
How do I look up a broker on BrokerCheck?
To look up a broker on FINRA BrokerCheck, visit www.brokercheck.finra.org and enter the broker’s name or CRD number. The report will show the broker’s employment history, professional qualifications, and any disclosure events, including customer complaints, regulatory actions, and settlements. BrokerCheck is a free public resource provided by FINRA to help investors research brokers and brokerage firms. Thomas Rohn’s CRD number is 1306805.
What should I do if I suspect broker misconduct?
If you suspect broker misconduct, first gather and review all account statements, trade confirmations, and communications with your broker. Document any concerns, including unsuitable recommendations, inadequate risk disclosures, excessive concentration in high-risk investments, or misrepresentations. Consider consulting with a securities attorney who can evaluate your potential claim. Do not delay, as securities claims are subject to time limitations, typically six years from the date of the transaction or discovery of the loss.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you invested with Thomas Rohn and experienced losses related to GWG L bonds or other investments, contact Patil Law, P.C. for a free, confidential consultation. We will review your investment history, account statements, and potential claims at no cost to you. Our experienced securities attorneys can help you understand your rights and options for recovering your losses.
Call: 800-950-6553
Email: info@patillaw.com
No obligation. No attorney fees unless we recover money for you.
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
