In October 2025, Berg made a payment of $14,394 to settle a complaint made by a firm customer without the knowledge or approval of his firm. As a result, he violated FINRA Rule 2010 and is suspended in all capacities for 15 business days and fined $2,500.

Since 2022, Revere has underwritten or served as a selling group member in approximately 60 small-cap initial public offerings (IPOs), more than 40 of which involved issuers based in Hong Kong or China. Some offerings had hallmarks of potential manipulation, such as concentrated allocations to few accounts, coordinated trading, and post-IPO price spikes and collapses that produced millions in secondary market losses.