Joseph John Weinrich Sr. (Joseph Weinrich) – FINRA Files Complaint Against Financial Advisor/Broker Joseph Weinrich | Goodman & Nekvasil, P.A. May Recover Investor Losses
Joseph Weinrich is a currently registered financial advisor/broker with B.B. Graham & Company, Inc. Joseph Weinrich was previously registered with Moloney Securities Co., Inc. According to Joseph Weinrich’s BrokerCheck Report, FINRA filed a complaint against Joseph Weinrich in May 2020.
According to FINRA Allegations:
Joseph Weinrich was a named respondent in a FINRA complaint alleging that Joseph Weinrich willfully failed to timely amend his Form U4 to disclose a bankruptcy petition. The complaint alleges that Joseph Weinrich filed a Chapter 7 bankruptcy petition in the United States Bankruptcy Court, while registered with FINRA through Joseph Weinrich’s association with his member firm. Joseph Weinrich was required to disclose his bankruptcy petition and provide details regarding the petition. However, Joseph Weinrich did not disclose the petition. Between when Joseph Weinrich’s bankruptcy petition was filed and the end of his association with the firm, Joseph Weinrich amended his Form U4 four times, failing to disclose the petition on any of these amendments. More than two years after the petition was filed, Joseph Weinrich filed an application seeking to become registered with a different member firm and amended his Form U4 to disclose the petition. FINRA previously warned Joseph Weinrich about his obligations to timely disclose civil judgements. The complaint also alleges that Joseph Weinrich made false statements regarding his bankruptcy petition in a compliance questionnaire that Joseph Weinrich submitted to his firm. The questionnaire asked Joseph Weinrich whether he had filed for bankruptcy within the previous three years, or if he was, or had ever been, involved in any bankruptcy proceeding. Joseph Weinrich falsely responded “no”. In the questionnaire, Joseph Weinrich also certified that he had reviewed his Form U4, and that it accurately reflected his required registration information and disclosures. Joseph Weinrich’s response was false because his Form U4 did not disclose his bankruptcy petition.
According to Joseph Weinrich ’s BrokerCheck Report, two customer disputes have been filed alleging sales practice violations against Joseph Weinrich:
Customer Dispute (1/17/2018): Allegations against Joseph Weinrich include unsuitability, unauthorized & excessive trading, and negligence. This customer dispute settled for $69,000. The product at issue is oil & gas and real estate security.
Customer Dispute (12/4/2018): Allegations against Joseph Weinrich include fraud, breach of fiduciary duty, and negligence. This customer dispute settled for $20,000. The product at issue is oil & gas security.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Joseph Weinrich and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Joseph Weinrich ’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Joseph Weinrich and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 6/4/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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