Joseph Weinbauer In Berthel Fisher Client’s Arbitration Claim About Misrepresentation

Investors possibly experienced sales practice violations because of securities broker Joseph Robert Weinbauer [CRD: 2714070, St. Louis, Missouri], according to publicly available information on FINRA BrokerCheck. Evidently, Joseph Weinbauer has worked for Berthel Fisher Company Financial Services Inc. since February 1, 2010, and with BFC Planning Inc. since May 24, 2016. Keep reading to learn more about the disclosures involving Joseph Weinbauer and what investors should know.

Berthel Fisher Investor Accused Weinbauer Of Unsuitable Recommendations

Specifically, on January 13, 2025, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 25-00062 about Joseph Weinbauer. Allegedly, Weinbauer made unsuitable recommendations, misrepresented information, and overconcentrated the client's account in direct investments and oil and gas products. The client also alleged that Weinbauer caused the client to retain investments, which caused losses. Consequently, the client requested damages—believed to exceed $5,000—from Berthel Fisher Company Financial Services Inc. or Weinbauer. This is an ongoing matter.

Investor Accused Joseph Weinbauer Of Misrepresentation, Failure To Supervise

Also, on May 5, 2022, a Berthel Fisher Company Financial Services Inc. client filed FINRA Arbitration No. 22-00977 about Joseph Weinbauer. Supposedly, Weinbauer made misrepresentations, overconcentrated the client’s account in oil and gas investments, and made unsuitable recommendations. The client also alleged that the firm failed to supervise the activities of Weinbauer and failed to perform due diligence on the investment. For this reason, the firm settled on August 1, 2023, for $21,309.52. Weinbauer contributed $5,000.00 individually.

Weinbauer Disclosed Overconcentration, Misrepresentation Allegations By Berthel Fisher Client

Particularly, a client of Berthel Fisher Company Financial Services Inc contested Joseph Weinbauer’s sales practices by filing FINRA Arbitration No. 24-01311. Allegedly, Weinbauer misrepresented investments, made unsuitable recommendations, and overconcentrated the client’s account in alternative investments and private placements. Allegedly, Weinbauer caused the client to sustain $235,000.00 in damages. As a result, this arbitration is pending a resolution.

Joseph Weinbauer Disclosed Negligence Allegations

Also, a client of Berthel Fisher Company Financial Services Inc. contested Joseph Weinbauer’s sales practices. Allegedly, Weinbauer overconcentrated accounts, made misrepresentations, made unsuitable recommendations, and was negligent. Allegedly, Weinbauer caused the client to sustain damages by investing in business development companies, alternative investments, and real estate securities. Because of this, Berthel Fisher Company Financial Services Inc. opted to settle the matter on November 22, 2021, by compensating the client in the amount of $190,000.00.

Weinbauer Disclosed Failure To Supervise Allegations By Berthel Fisher Company Financial Services Inc. Client

Additionally, a client of Berthel Fisher Company Financial Services Inc. contested Joseph Weinbauer’s sales practices by filing FINRA Arbitration No. 18-03426. Allegedly, Weinbauer made misrepresentations, overconcentrated accounts, and provided unsuitable advice. Allegedly, Weinbauer caused the client to sustain damages through investments in variable annuities, business development companies, and real estate securities. Consequently, Berthel Fisher Company Financial Services Inc. chose to settle the matter on November 21, 2019, by compensating the client in the amount of $14,900.00.

Seeking More Information About Financial Advisor / Securities Broker Joseph Weinbauer?

Do you have concerns or questions about your investments with Joseph Weinbauer? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has substantial experience recovering losses for investors throughout the United States. The firm also works on a contingency fee arrangement and advances all costs. Weinbauer and securities firms / investment advisories Weinbauer worked for deny allegations of sales practice violations.