Advisor Alert: Our Attorneys Are Investigating Genevieve Garcia Mar For Investment Fraud
Did You Lose Money Because of Genevieve (Gen) Mar?
Filed: February 2, 2024
Genevieve Mar (also known as Gen Mar) currently has one (1) pending customer complaint. Overall, she has been the subject of nine (9) customer complaints and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Genevieve Garcia Mar.
Who Is Genevieve Garcia Mar of Berthel, Fisher & Company Financial Services, Inc.?
- Advisor Name: Genevieve Garcia Mar
- Aliases: Gen Mar
- CRD: 2744037
- Location: Northbrook, Illinois
- Current Employer: Berthel, Fisher & Company Financial Services, Inc.
- Previous Firms: Brewer Financial Services, LLC, Brewer Investment Advisors LLC, and Woodbury Financial Services, Inc.
- Number of Known Customer Complaints: 9
- Can Genevieve Mar Be Sued: Yes, in Private Arbitration
- Can Genevieve Mar’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,500,000
- Highest Settlement: $477,000
If you have suffered investment losses by Genevieve Mar, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Genevieve (Gen) Mar For Broker Misconduct
As of this publication date, Genevieve Mar has been the subject of 9 customer disputes and 1 termination event. Let’s review them below.
In December 2023, a complaint was filed against or in reference to Genevieve Mar by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments they purchased from 2012 to 2015 were unsuitable and misrepresented to them by Ms. Mar. In addition, the claimants allege the firm failed to supervise the representative’s activities. Per the customers, they lost over $99,999 because of Ms. Mar’s actions.
In December 2020, a complaint was filed against or in reference to Genevieve Mar by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the client is unhappy with the losses in her investments in BDCA and AR NYC REIT which were purchased in 2014. The client alleges that Ms. Mar told her that there was a 4-year maximum holding period and that she would receive all of her money back plus interest. The client also alleges she was not informed of the risks of investing in non-traded investments.
In November 2020, a FINRA arbitration was filed against or in reference to Genevieve Mar by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased from 2012-2016 were unsuitable. The client also alleges the firm failed to supervise the actions of the representative. Per the customer, he/she lost over $50,000 because of Ms. Mar’s actions. On March 23, 2021, Ms. Mar settled the claim for $20,100, and some or all of this amount may have been paid by Ms. Mar’s employer and/or insurance carrier.
In May 2020, a complaint was filed against or in reference to Genevieve Mar by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that Ms. Mar mismanaged the client’s account by putting her in investments from 2013-2015 that were inappropriate for her and that she cannot liquidate.
In December 2019, a complaint was filed against or in reference to Genevieve Mar by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that between 2014-2018, Ms. Mar placed him in inappropriate illiquid investments and is upset that two of his three REIT’s currently held have stopped paying a monthly dividend. The client requested that the representative repurchase the investments to provide liquidity. Per the customer, he lost over $69,873.68 because of Ms. Mar’s actions.
In May 2019, a FINRA arbitration was filed against or in reference to Genevieve Mar by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the clients purchased between 2010-2015 were unsuitable and misrepresented to them by Ms. Genevieve. The claimants also allege that the firm failed to supervise the actions of the representative. Per the customers, they lost over $1,500,000 because of Ms. Mar’s actions. An arbitration panel found that Genevieve Mar was negligent and awarded $477,000 in favor of the customers.
In July 2018, a FINRA arbitration was filed against or in reference to Genevieve Mar by multiple customers of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments purchased between 2014-2016 were unsuitable, and are not performing as expected, and that the high risk level associated with the investments was not explained to them at the time of purchase. They also allege the firm failed to supervise the actions of the representative. Per the customers, they lost over $250,000 because of Ms. Mar’s actions. On January 2, 2020, Ms. Mar settled the claim for $14,999, and some or all of this amount may have been paid by Ms. Mar’s employer and/or insurance carrier.
In September 2013, a FINRA arbitration was filed against or in reference to Genevieve Mar by a customer of Woodbury Financial Services, Inc. alleging that the 2007 and 2008 tic purchases were unsuitable and misrepresented by Ms. Mar. The client also alleges the firm failed to conduct adequate due diligence. Per the customer, she lost over $499,958 because of Ms. Mar’s actions. On October 13, 2014, Ms. Mar settled the claim for $222,000, and some or all of this amount may have been paid by Ms. Mar’s employer and/or insurance carrier.
In June 2011, a FINRA arbitration was filed against or in reference to Genevieve Mar by multiple customers of Brewer Financial Services, LLC alleging misrepresentations and omissions, negligence, and fraud by the representative. Per the customers, they lost over $125,000 because of Ms. Mar’s actions. An arbitration panel found that Genevieve Mar was negligent and awarded $125,000 in favor of the customers.
In April 2009, Woodbury Financial Services, Inc. terminated Genevieve Mar for failure to follow firm procedures, including sending business directly to a product manufacturer in order to meet a deadline while simultaneously submitting it to the firm for compliance review, and attempting to reimburse a customer directly for a bank overdraft fee.
How To File A Claim Against Genevieve (Gen) Mar of Berthel, Fisher & Company Financial Services, Inc. (previously with Brewer Financial Services, LLC, Brewer Investment Advisors LLC, and Woodbury Financial Services, Inc.) To Get Your Money Back
If you have questions about Genevieve Mar, Berthel, Fisher & Company Financial Services, Inc., Brewer Financial Services, LLC, Brewer Investment Advisors LLC, Woodbury Financial Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.