Haselkorn & Thibaut has launched an independent investigation into Northbrook, Illinois financial advisor Genevieve Mar (CRD# 2744037), who is registered with Berthel Fisher as both a broker and investment advisor. If you are an investor concerned about potential losses or have questions about Ms. Mar’s conduct, we encourage you to read this in-depth report and consider reaching out for a free consultation.
Who Is Genevieve Mar of Berthel Fisher in Northbrook, Illinois?
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Genevieve Mar boasts a 29-year career in the securities industry. She has been registered with Berthel Fisher since 2010, operating under the business name M-G Financial. Her qualifications include passing several key industry exams such as the Securities Industry Essentials (SIE), Series 7, Series 6, Series 63, and Series 66, and she holds licenses in 24 states. Prior to Berthel Fisher, her experience included roles with Brewer Financial Services, Woodbury Financial Services, and PFS Investments.
Genevieve Mar: Complaints and Allegations
If you are considering working with Ms. Mar or have already done so, it is crucial to understand the complete record of investor complaints and outcomes disclosed through FINRA’s BrokerCheck system and other reputable sources. Below is a summary of all known investor complaints:
| Date Filed | Allegations | Outcome | Damages Sought/Awarded |
|---|---|---|---|
| December 2025 (Pending) | Misrepresentation and recommendation of unsuitable investments while representing Berthel Fisher | Pending | $500,000 sought |
| 2023 | Misrepresentation and unsuitable investment recommendations with Berthel Fisher | Settled | $32,500 settled |
| 2020 | Unsuitable real estate investment recommendations | Settled | $20,100 settled |
| 2018 (settled in 2020) | Failure to explain investment risk and unsuitable recommendations with Berthel Fisher | Settled | $14,999 settled |
| 2019 | Breach of fiduciary duty, misrepresentation, omission of material facts, breach of contract, fraud, unjust enrichment, negligence (Berthel Fisher) | Arbitration Award | $477,000 awarded to claimant |
What Do These Complaints Mean for Investors?
These disclosures are significant and indicate a pattern of customer accusations involving unsuitable investment advice and alleged misrepresentations while working under the Berthel Fisher banner. The settlements and arbitration totals — including a $477,000 arbitration award and a substantial $500,000 claim currently pending — should prompt current and prospective clients to carefully review their own investment portfolios and interactions.
Regulatory Background and Clean Record in Other Areas
Beyond customer complaints, a review of regulatory and disciplinary systems shows:
- No criminal disclosures
- No SEC orders or civil injunctions
- No state regulatory actions
- No civil judicial lawsuits connected to investment misconduct
- No news articles or negative press reports
While these findings suggest Genevieve Mar has not faced formal action from regulators or criminal courts, the existence and history of multiple substantial client complaints and settlements remain a serious consideration for investors.
Understanding Investor Red Flags
Working with any financial advisor, especially those with a history of customer disputes, requires vigilance. Signals of possible risk include:
- Multiple customer complaints over misrepresentation or unsuitable recommendations
- Large amounts in settlements or arbitration awards
- Repeated allegations of failing to fully explain investment risks
If you identify with these patterns in your own experience or see unexpected losses, it may be time to ask direct questions about prior recommendations, disclosures, and risks discussed at the time of purchase.
How to Check an Advisor’s Record Yourself
For peace of mind, investors can always perform their own search using FINRA BrokerCheck. Enter the name “Genevieve Mar” or CRD# 2744037 to review the “Disclosures” section for the latest updates.
What To Do If You Suffered Investment Losses With Genevieve Mar (Berthel Fisher) in Northbrook, IL
If you believe you have lost money with Genevieve Mar or are unsure if your investments were recommended appropriately, Haselkorn & Thibaut offers a free, confidential consultation. As a national investment fraud law firm with over 50 years of combined experience, a 98% success rate, and millions recovered for clients, our team is ready to offer clear answers and guidance. You pay nothing unless we recover money for you.
- Get clear information about your case
- Understand your rights as an investor
- Learn about potential options for recovery
Contact Haselkorn & Thibaut Today
Don’t wait if you are worried about your investments or have questions about your financial advisor’s track record. Call Haselkorn & Thibaut today at 1-888-885-7162 for your free and confidential case review. There is no fee unless we recover compensation for you.
Protect your financial future and ensure that you are being treated with transparency and care — reach out now for peace of mind.
