Joseph John Weinrich Sr. of Overland Park Kansas a stockbroker formerly registered with Moloney Securities Co. Inc. is the subject of a customer initiated investment related written complaint on May 15, 2018 where the customer requested $225,000.00 in damages founded on accusations of (1) omissions of risk (2) negligence (3) breach of fiduciary duty and (4) fraud pertaining to the customer’s venture capital and oil and gas investment transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Weinrich has been identified in two additional customer initiated investment related disputes containing allegations of his sales practice violations while employed by Stifel Nicolaus & Company, Inc. and Moloney Securities Co. Particularly, a customer initiated investment related arbitration claim involving Weinrich’s conduct was settled for $30,000.00 in damages supported by accusations of negligence and breach of fiduciary duty relating to the customer’s investments. National Association of Securities Dealers (NASD) Arbitration No. 96-04344 (Dec. 11, 1997).
Subsequently, a customer filed an investment related arbitration claim regarding Weinrich’s conduct in which the customer sought $450,000.00 in damages based upon allegations that fiduciary duties had been breached, the customer’s account was handled in a negligent manner, and trades were effected in the customer’s account on an excessive, unauthorized and unsuitable basis between 2011 and 2017. FINRA Arbitration No. 18-00096 (Jan. 17, 2018).
FINRA Public Disclosure also confirms that Weinrich is referenced in sixteen regulatory actions in which he received sanctions by securities regulators for, inter alia, engaging in wrongful conduct in the securities industry. For example, he was ordered by the Kansas Securities Commissioner to be placed on heightened supervision founded on accusations that Weinrich was subject to several incidents concerning allegations of his misconduct. Case No. 99E017.
Weinrich’s registration with Moloney Securities Co. Inc. has been terminated as of May 22, 2018.
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