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.
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.
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.
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.
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.
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.
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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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