Joseph Robert Weinbauer, of St. Louis, Missouri, a stockbroker registered with Berthel Fisher Company Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Weinbauer made unsuitable investment recommendations, misrepresentations of material fact, and overconcentrated accounts in direct investments and oil and gas investments when Weinbauer was associated with Berthel Fisher Company Financial Services Inc. FINRA Arbitration No. 25-00062 (January 13, 2025).
FINRA Public Disclosure shows that Weinbauer is referenced in four other customer initiated investment related disputes concerning Weinbauer’s conduct while associated with securities broker dealers. On October 4, 2018, a customer initiated investment related FINRA securities arbitration claim involving Weinbauer’s conduct was settled for $14,900.00 in damages based upon allegations that Weinbauer misrepresented investments and made unsuitable recommendations in real estate securities, variable annuities, and business development companies when Weinbauer was associated with Berthel Fisher Company Financial Services Inc. FINRA Arbitration No. 18-03426.
On November 22, 2021, a customer initiated investment related complaint involving Weinbauer’s conduct was settled for $190,000.00 in damages based upon allegations that Weinbauer was negligent, made unsuitable recommendations, overconcentrated accounts, and made misrepresentations of material fact in connection with the sale of direct investments, business development companies, and real estate securities.
Weinbauer is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $21,309.52 in damages based upon allegations that Weinbauer made unsuitable recommendations, made misrepresentations of material fact, overconcentrated accounts, failed to perform due diligence, and failed to supervise certain representatives in connection with the sale of oil and gas investments. FINRA Arbitration No. 22-00977 (August 1, 2023).
On July 2, 2024, a customer filed an investment related FINRA securities arbitration claim involving Weinbauer’s conduct in which the customer requested $235,000.00 in damages based upon allegations that Weinbauer overconcentrated accounts in alternative investments and private placements and made misrepresentations in connection with the sale of direct investments and oil and gas investments. FINRA Arbitration No. 24-01311.
Weinbauer has been associated with Berthel Fisher Company Financial Services Inc. in St. Louis, Missouri since February 1, 2010. He has been associated with BFC Planning Inc. in St. Louis, Missouri since May 24, 2016.
