DID JOSEPH ROBERT WEINBAUER CAUSE YOU INVESTMENT LOSSES?
Joseph Weinbauer Of Berthel, Fisher & Company Financial Services, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
About Joseph Weinbauer of Berthel, Fisher & Company Financial Services, Inc.?
Joseph Weinbauer (CRD #2714070) , located in Knoxville, Tennessee, is a seasoned financial professional currently registered with BFC Planning, Inc. (since May 24, 2016) and Berthel Fisher & Company Financial Services, Inc. (since February 1, 2010). He has been active in the securities industry for over two decades, working with five firms throughout his career, including National Planning Corporation and American General Securities. Mr. Weinbauer is licensed in 19 U.S. states and territories and has passed three General Industry/Product Exams (including the Series 6 and Series 7) and two Multi-State Securities Law Exams (Series 63 and Series 65). While he holds no professional designations, he has extensive experience in investment advisory services and financial planning, with a primary office in St. Louis, Missouri.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joseph Weinbauer Customer Complaints and Reviews
Mr. Weinbauer has four customer disputes, three of which have been settled, and one which is currently pending:
- Settled Disputes:
- May 5, 2022: A client alleged unsuitable and overconcentrated investments in oil and gas, leading to a $21,309.52 settlement.
- July 7, 2021: Clients alleged negligent management, unsuitable recommendations, and overconcentration in direct investments and real estate, resulting in a $190,000 settlement.
- April 20, 2018: A client claimed losses from the surrender of a variable annuity to purchase non-traded investments, alleging unsuitability and misrepresentation, resulting in a $14,900 settlement.
- Pending Dispute:
- July 2, 2024: A claimant alleges unsuitability and overconcentration in alternative investments and private placements, with alleged damages of $180,000. This case is currently in arbitration.
Allegations Against Joseph Weinbauer
- Settled Allegations:
- Unsuitability and Overconcentration: Clients have alleged that Mr. Weinbauer recommended unsuitable investments that were overly concentrated in high-risk assets, such as oil and gas, direct investments, and private placements.
- Misrepresentation: Some clients allege that Mr. Weinbauer misrepresented the nature of certain investments, leading to financial losses.
- Lack of Due Diligence: There were claims that Mr. Weinbauer’s firm did not conduct proper due diligence on investment products.
- Pending Allegation:
- Overconcentration and Misrepresentation: In the ongoing arbitration, the claimant alleges that Mr. Weinbauer and his firm failed to recommend suitable investments and over-concentrated the client’s portfolio, causing substantial losses.
Joseph Weinbauer Red Flags & Your Rights As An Investor
Of course, Joseph Weinbauer did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joseph Weinbauer at Berthel, Fisher & Company Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Joseph Weinbauer has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Berthel, Fisher & Company Financial Services, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Berthel, Fisher & Company Financial Services, Inc. Due To Joseph Weinbauer
If you have questions about Berthel, Fisher & Company Financial Services, Inc. and/or Joseph Weinbauer and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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