Joseph John Weinrich, of Overland Park, Kansas, a stockbroker registered with Moloney Securities Co. Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Weinrich failed to make regulatory disclosures. Case No. 2018058611601 (Feb. 1, 2022).
According to the Decision, during the time that he was associated with Molony Securities Co. and B.B. Graham & Co., Weinrich failed to amend his Form U4. Specifically, Weinrich and his spouse jointly filed for bankruptcy on May 18, 2017. FINRA Rules required Weinrich to disclose his bankruptcy filing within 30 days of filing the petition. Despite amending his Form U4 four times between May 2018 and May 2018, Weinrich failed to disclose his bankruptcy filing in any of those amendments. Additionally, Weinrich made inaccurate and false statements on annual compliance questionnaires. In December 2017, Weinrch made three false and inaccurate statements concerning his bankruptcy and certified his statements as true and correct before submitting the annual compliance questionnaire to his firm. As a result, Weinrich violated FINRA Rules 2010 and 1122.
FINRA Public Disclosure shows that Weinrich is referenced in customer initiated investment related disputes concerning Weinrich’s conduct while associated with securities broker dealers, including Stifel Nicolaus Company Incorporated. On November 9, 1996, a customer initiated investment related FINRA securities arbitration claim involving Weinrich’s conduct was settled to resolve allegations that Weinrich was negligent with regard to the recommendation and sale of investments when Weinrich was associated with Stifel Nicolaus Company Incorporated. FINRA Arbitration No. 96-04344.
On January 9, 2018, a customer initiated investment related FINRA securities arbitration claim involving Weinrich’s conduct was settled for $69,000.00 in damages based upon allegations that Weinrich made unsuitable transactions, made unauthorized and excessive transactions, was negligent, breached a fiduciary duty, and failed to supervise in connection with the recommendation and sale of oil and gas investments, real estate securities, master limited partnerships, and business development companies when Weinrich was associated with Moloney Securities Co. Inc. FINRA Arbitration No. 18-00096.
On November 26, 2018, a civil action involving Weinrich’s conduct was settled for $20,000.00 in damages based upon allegations that Weinrich defrauded the customer, breached a fiduciary duty, was negligent, and made omissions relating to the recommendation and sale of oil and gas investments and venture capital when Weinrich was associated with Moloney Securities Co. Inc. Civil Action No. 1816-CV30713.
Joseph Weinrich was associated with Moloney Securities Co. Inc. in Overland Park, KS, as a stockbroker from August 31, 1999 to May 22, 2018. He was associated with B.B. Graham Company Inc. in Orange, CA, as a stockbroker from December 19, 2019 to July 10, 2020.