Haselkorn & Thibaut has opened an investigation into Betsy Lou Whipple (CRD# 2703262), a broker and investment advisor currently registered with OSAIC WEALTH, INC. in Nevada. With 29 years in the financial industry and a record at 15 different firms, Ms. Whipple is a seasoned advisor. However, investors should always perform careful due diligence, especially when considering professionals with multiple client complaints or disclosures on their record.
Overview: Betsy Lou Whipple, OSAIC WEALTH, INC. – Nevada
Table of Contents
Betsy Lou Whipple is a registered broker and investment advisor currently licensed in 18 states and active with OSAIC WEALTH, INC. as of June 2024. According to public records, she has also worked at 15 different firms over nearly three decades. Her FINRA registrations and extensive industry career signal a long-standing presence in financial services—but also highlight the importance of understanding her professional background and disclosure history.
Key Red Flags and Considerations for Investors
It’s important for investors to note the disclosures listed on FINRA BrokerCheck, a public tool for reviewing advisor histories. Betsy Lou Whipple’s record currently shows nine client complaints (disputes), stretching from 2001 through 2025, with an especially high number of issues in recent years.
Comprehensive List of Complaints and Disclosures
| Date | Status | Allegations | Damage Amount Requested | Settlement/Award | Product Type |
|---|---|---|---|---|---|
| Jan 10, 2025 | Pending | Breach of contract, violation of state securities statutes, breach of fiduciary duty, negligence, vicarious liability | $100,000 | N/A (Pending) | Unspecified |
| Nov 6, 2024 | Pending | Breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, failure to supervise, violation of Reg BI | Not Specified | N/A (Pending) | Alternatives (GWG) |
| Sep 17, 2024 | Settled | Breach of fiduciary duty, negligence, breach of contract, failure to supervise, violation of Reg BI | $50,000 | $10,000 | Unspecified |
| Sep 17, 2024 | Settled | Breach of fiduciary duty, negligence, breach of contract, failure to supervise, violation of Reg BI | $100,000 | $10,000 | Unspecified |
| Sep 17, 2024 | Settled | Breach of fiduciary duty, negligence, breach of contract, failure to supervise, violation of Reg BI | $100,000 | $24,000 | Unspecified |
| Aug 6, 2024 | Settled | Breach of contract, breach of fiduciary duty, negligence, failure to supervise, violation of Reg BI | $50,000 | $22,500 | Unspecified |
| Jul 7, 2022 | Settled | Breach of contract, misrepresentations/omissions, breach of fiduciary duty, failure to supervise | $500,000 | $250,000 | Unspecified |
| Jul 27, 2001 | Award/Judgment | Unsuitable investments, omission of risks, breach of contract, breach of fiduciary duty, negligence, state and federal securities fraud | $100,000 | $10,000 | Junk Bonds, High Tech Stocks |
| Jan 5, 2001 | Withdrawn | Alleged unsuitability, poor performance | $5,000 | N/A | Unspecified |
Recent Trends: High Volume and Nature of Complaints
- Six customer disputes were filed against Ms. Whipple in the last two years (2024-2025 alone), an unusual frequency for one advisor.
- Many complaints cite breaches such as fiduciary duty, contract violations, negligence and failures to supervise.
- Recent disputes frequently reference regulatory violations, including Regulation Best Interest (Reg BI).
- Settlements from recent years are notable, including a $250,000 payout on a $500,000 claim in 2022.
- Product types at the center of complaints often involve alternative investments, such as GWG.
Betsy’s Response and Current Status
For several complaints, Ms. Whipple has stated that she acted in the best interest of her clients and emphasizes that some legal actions are directed at her previous broker-dealer (Newbridge Securities), not directly at her as an individual. Still, each dispute—including those settled or with judgments—remains part of the public record for prospective clients to review.
Ms. Whipple’s continued ability to remain active in the industry, with registrations in multiple states and a current position at OSAIC WEALTH, INC., suggests her professional credentials remain recognized. However, the density of recent complaints should prompt potential clients to seek independent, professional advice before proceeding.
Firm and Licensing Details
- Current firm: OSAIC WEALTH, INC. (CRD# 23131), Nevada
- State Licenses: 18 states, including Alabama, Nevada and others
- Active roles: Broker and Investment Advisor
- Total years of experience: 29
- Firms throughout career: 15
Why Consider an Independent Review
The financial advisor you choose should always have a transparent record, a demonstrated commitment to client interests, and a history of acting within industry rules and regulations. While some disclosures can occur over long careers, multiple, serious complaints—particularly within a short time—should not be dismissed. Reviewing the record of any prospective advisor, including Betsy Lou Whipple, is a wise step for protecting your investments.
Concerned? Get a Free Consultation
Haselkorn & Thibaut, a national investor fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients, is here to help. If you have worked with Betsy Lou Whipple in Nevada or through OSAIC WEALTH, INC., and have concerns about alternative investments, GWG, or any aspect of your account, call 1-888-885-7162 for a free, confidential consultation. There is no cost for the initial review, and there are no fees unless you recover.
Financial issues with an advisor can feel overwhelming, but you do not
