Genevieve Mar Involved In Berthel Fisher Clients’ Misrepresentation Complaints

Investors potentially experienced sales practice violations due to securities broker Genevieve Mar (also known as Gen Mar) [CRD: 2744037, Northbrook, Illinois], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Garcia Mar joined Berthel, Fisher Company Financial Services Inc. on November 5, 2010, and BFC Planning Inc. on October 15, 2024. Keep reading to find out more about the disclosures involving Garcia Mar.

Berthel Fisher Company Financial Services Inc. Investor Accused Gen Mar Of Sales Practice Violations

Evidently, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 23-03561 about Genevieve Mar. Allegedly, Mar’s firm failed to supervise and that Mar misrepresented investments and made unsuitable recommendations. Because of this, the client allegedly sustained damages connected to real estate securities, business development corporations, and direct investments. As a result, on June 12, 2024, Berthel Fisher Company Financial Services Inc. settled this matter by paying the client $32,500.00 in damages, with Mar contributing $20,000.00 individually.

Genevieve Mar Disclosed Misrepresentation, Omission Allegations By Berthel Fisher Company Financial Services Inc. Client

Also, a client of Berthel Fisher Company Financial Services Inc. took aim at Genevieve Mar’s sales practices, according to a complaint dated December 29, 2020. Allegedly, Mar failed to disclose risks and misrepresented information about securities. It appears that Mar allegedly caused the client to sustain damages connected to real estate securities and business development companies. This matter closed without a resolution.

Berthel Fisher Company Financial Services Inc. Investor Accused Gen Mar Of Unsuitable Recommendations

Specifically, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 20-03867 about Genevieve Mar. Evidently, the client claimed that the broker dealer failed to supervise certain representatives that made unsuitable recommendations about real estate securities. For this reason, on March 23, 2021, Berthel Fisher Company Financial Services Inc. settled this matter by paying the client $20,100 in damages.

Genevieve Mar Disclosed Breach Of Fiduciary Duty, Breach Of Contract Allegations By Berthel Fisher Company Financial Services Inc. Client

Particularly, a client of Berthel Fisher Company Financial Services Inc. disputed Genevieve Mar’s sales practices by bringing FINRA Arbitration No. 19-01803. Allegedly, the broker dealer negligently supervised certain representatives. Allegedly, Mar made omissions, made misrepresentations, was negligent, breached a contract, and breached her fiduciary duty relating to promissory notes, real estate investment trusts, and direct investments. Consequently, FINRA Arbitrators issued an Award dated August 2, 2021 compelling Mar to compensate the client in the amount of $268,000 in compensatory damages with interest.

Have You Made Investments Through Securities Broker Mar?

Do you have concerns or questions regarding investments you made with Genevieve Mar? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors located throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Mar and brokerage firms Mar worked for deny allegations referenced within these public disclosures.