Investigation Launched into Arkansas Advisor Dax Weindorf of Waterloo Capital

Haselkorn & Thibaut (investmentfraudlawyers.com) has opened an investigation into Dax Werner Weindorf, a financial advisor currently registered with Waterloo Capital and The Leaders Group, Inc. in Rogers, Arkansas. If you’ve worked with Mr. Weindorf and have concerns about your investments, understanding his regulatory history and customer complaints can help you make informed decisions about your financial future.

Who is Dax Werner Weindorf?

Dax Werner Weindorf (CRD# 5461216) is a stockbroker and financial advisor based in Rogers, Arkansas. His career in the financial services industry includes positions at several firms, and he currently maintains registrations with two broker-dealers simultaneously: Waterloo Capital and The Leaders Group, Inc.

Beyond his primary registrations, Weindorf also has business affiliations with Lighthouse Financial and 4W Consulting, suggesting a complex web of business relationships that investors should be aware of when evaluating their advisor relationships.

Employment History and Timeline

Understanding an advisor’s employment history can reveal important patterns. Here’s Weindorf’s career progression:

Red Flags and Customer Complaints

According to FINRA BrokerCheck records, Dax Weindorf has 6 customer complaints on his record. This number of complaints raises significant concerns that investors should carefully consider.

Complete List of Customer Complaints

Here’s a detailed breakdown of the complaints filed against Weindorf:

• Complaint #1 (Filed: 09/27/2022)
  • Damages Requested: $30,000
  • Allegations: Breach of fiduciary duty, breach of contract, negligence
  • Status: Pending
• Complaint #2 (Filed: 09/19/2022)
  • Damages Requested: $145,000
  • Allegations: Unsuitable investment recommendations
  • Status: Settled for $17,500
• Complaint #3 (Filed: 08/31/2022)
  • Damages Requested: $475,588
  • Allegations: Unsuitable investments, breach of fiduciary duty
  • Status: Settled for $75,000
• Complaint #4 (Filed: 08/29/2022)
  • Damages Requested: $56,000
  • Allegations: Unsuitable recommendations, overconcentration
  • Status: Settled for $15,000
• Complaint #5 (Filed: 08/24/2022)
  • Damages Requested: $45,000
  • Allegations: Unsuitable investment strategy
  • Status: Settled for $15,000
• Complaint #6 (Filed: 08/18/2022)
  • Damages Requested: $50,000
  • Allegations: Unsuitable recommendations, overconcentration
  • Status: Settled for $15,000

Why These Complaints Matter

The pattern of complaints is concerning for several reasons:

First, the timing is significant. All six complaints were filed within a six-week period in late summer 2022, suggesting a potential systemic issue with investment recommendations during a specific timeframe.

Second, the allegations show recurring themes. Multiple complaints cite “unsuitable investment recommendations” and “breach of fiduciary duty,” which are serious allegations in the financial advisory world. When multiple clients independently raise similar concerns, it may indicate a pattern of problematic behavior.

Third, the financial impact is substantial. The total damages requested across all complaints exceed $800,000, though settlements totaled $137,500 for the resolved cases. While settlements don’t necessarily indicate wrongdoing, they do suggest the firms involved wanted to resolve these matters.

Additional Concerns for Investors

Beyond the complaints, several other factors warrant consideration:

• Dual Registration: Weindorf’s simultaneous registration with two broker-dealers could create potential conflicts of interest
• Multiple Business Affiliations: Additional business interests may divide an advisor’s attention or create competing priorities
• Firm Changes: Movement between firms, particularly from established institutions like Edward Jones to smaller entities, deserves scrutiny

What This Means for Current and Former Clients

If you’ve worked with Dax Weindorf, consider reviewing your account statements and investment performance. Pay particular attention to:

• Whether your investments aligned with your stated risk tolerance
• Any concentration in specific sectors or products
• Unexplained losses during 2022 or other periods
• Communication about investment risks and strategies

Remember, financial advisors have a duty to recommend investments suitable for their clients’ individual circumstances, risk tolerance, and investment objectives.

Take Action to Protect Your Interests

Investment losses can be devastating, especially when they result from unsuitable recommendations or breaches of fiduciary duty. You don’t have to navigate this situation alone.

Haselkorn & Thibaut is a national investment fraud law firm with over 50 years of experience helping investors recover losses. With a 98% success rate and millions recovered for clients, the firm operates on a “No Recovery, No Fee” basis, meaning you pay nothing unless they recover money for you.

If you’ve experienced losses while working with Dax Weindorf or have concerns about your investments, getting professional guidance can help you understand your options.