Advisor Review: Terminated Carson Wealth Advisor Larry Weinzapfel and Compliance Audit Allegations
The securities fraud attorneys at The White Law Group are reviewing recent regulatory disclosures involving former Carson Wealth advisor Larry Weinzapfel, who was reportedly discharged after allegedly failing to respond to multiple compliance audit deficiencies within required deadlines. to regulatory filings and industry reporting, the advisor was terminated from CWM, LLC (Carson Wealth), an RIA subsidiary of Carson Group, following repeated alleged failures to address audit findings. If you worked with this advisor and have concerns about account handling or compliance practices you may wish to review your accounts and legal options.
Report: Advisor Discharged After Unresolved Audit Findings
According to a January 29, 2026 industry report by InvestmentNews, Carson Wealth reportedly terminated Weinzapfel in November 2025 after he allegedly failed to respond to approximately a dozen audit deficiencies identified during a compliance examination.
Regulatory disclosure records state:
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Audit deficiencies were sent to the advisor’s office on August 20, 2025
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A 30-day response deadline was required under firm compliance policy
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The advisor allegedly did not respond within the required timeframe
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The firm reportedly sent repeated reminders after the deadline passed
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Eight of the twelve deficiencies were listed as repeat findings
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The advisor was described as consistently unresponsive prior to termination
Carson Wealth’s compliance manual reportedly requires all supervised persons to respond to audit findings within 30 days.
Larry G. Weinzapfel: Registration History
Public registration records show that Larry G. Weinzapfel:
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Status: Previously registered as both a broker and investment adviser
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Experience: Approximately 21 years in the industry
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Current status: No active FINRA registrations or state licenses listed
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Disclosure events: 1 employment separation disclosure
His prior broker-dealer registrations include:
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Economy Securities, Incorporated — 2005 to 2021
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1st Global Capital Corp. — 2000 to 2005
Regulatory records show his separation from CWM, LLC was classified as a discharge after allegations tied specifically to audit-response failures and compliance manual requirements.
Prior RIA Activity
Public filings indicate that Weinzapfel was affiliated with a separate advisory practice, Weinzapfel Wealth Advisors, which was previously registered with the SEC as an RIA until mid-2024. Its most recent Form ADV filing reportedly showed approximately:
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$5.7 million in assets under management
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142 advisory clients
Public business listings also reference an affiliated accounting firm founded in 2001.
Why Audit and Compliance Findings Matter to Investors
RIA and broker-dealer compliance audits are designed to identify:
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Supervisory weaknesses
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Documentation gaps
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Client file deficiencies
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Advertising or disclosure problems
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Suitability and best-interest process failures
When audit deficiencies go unaddressed — especially repeat findings — regulators and firms may view that as a heightened compliance risk. While a termination for audit-response failures does not automatically mean investor harm occurred, it can be a red flag that warrants closer account review.
Carson Group Overview
Carson Group is a large national wealth management network headquartered in Omaha, Nebraska. Public reporting states the firm oversees tens of billions in client assets through a network of partner offices and affiliated advisory teams across the United States.
Investor Losses and Advisor Misconduct Reviews
The White Law Group investigates claims involving:
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Unsuitable investment recommendations
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Supervision failures
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Compliance breakdowns
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Unauthorized trading
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Misrepresentation or omission of risks
If compliance failures or supervisory breakdowns contributed to investor losses, recovery may be possible through FINRA arbitration or other legal remedies, depending on the advisor’s registration status at the time of the conduct and the products involved.
Free Consultation for Affected Investors
If you invested with Larry Weinzapfel or through a Carson Wealth–affiliated office and experienced significant investment losses or account irregularities, you may be entitled to pursue a claim.
The national securities fraud attorneys at The White Law Group offer free consultations to review investor claims nationwide.
Call (888) 637-5510 to speak with an attorney.
FAQs — Larry Weinzapfel / Carson Wealth Termination Review
Why was Larry Weinzapfel terminated from Carson Wealth?
Public regulatory disclosure records state that Larry Weinzapfel was discharged from CWM, LLC (Carson Wealth) in November 2025 after allegedly failing to respond to multiple compliance audit deficiencies within the firm’s required 30-day deadline. The filing indicates repeated follow-up requests were sent and that several of the cited deficiencies were repeat findings. The disclosure is classified as an employment separation after allegations, not a criminal finding.
Does an advisor termination for audit deficiencies mean investors automatically have a claim?
Not automatically. A compliance-related termination does not by itself prove investor harm occurred. However, unresolved audit deficiencies and supervisory concerns can be red flags. Investors should review their account activity, investment recommendations, risk disclosures, and performance results. In some situations, compliance failures can overlap with unsuitable recommendations or supervision breakdowns that may support a recovery claim.
What should investors do if they have concerns about losses with this advisor?
Investors who experienced significant losses or account irregularities while working with this advisor can have their accounts reviewed by a securities attorney. Depending on the timing of the activity and the products involved, recovery may be pursued through arbitration or other legal channels. The White Law Group offers free consultations for investors to evaluate potential claims and explain available options.
