Securities Lawyers Blog
Currently financial advisor Joseph Weinbauer (Weinbauer), currently employed by brokerage firm Berthel, Fisher & Company Financial Services, Inc. has been subject to at least 2 disclosable events. These events include 2 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a pending customer complaint on January 13, 2025.
The claimants allege that the Firm and representative failed to make a suitable recommendation and over-concentrated claimants account in alternative investments and private placements in October 2014. The claimants further allege that the Firm and representative misrepresented the investments and induced the claimants to retain the investment and caused them to suffer a loss.
