Woodbridge Wealth has been the subject of an SEC investigation since 2016. Allegations against the company include unregistered brokers and securities. The SEC sought documents from the company in 2016, but Woodbridge failed to meet the deadline. In response, the SEC issued a subpoena, which the company has yet to comply with in full. A […]
An Overview of the SEC Investigation Into Woodbridge Wealth Read More »
A woman retiree has been successful in recovering part of her investment in the GWG L Bonds of GWG Holdings. The company is now under Chapter 11 bankruptcy protection, with as many as 17,000 investors facing the prospect of losing a large part of their investment. It was alleged in the claim that the illiquid,
Retiree Recovers Full GWG L Bonds Investment Through FINRA Claim Read More »
Recently a civil suit has been filed by the Securities and Exchange Commission (SEC) against Western International Securities (WIS) about GWG L Bond Sales. A number of broker-dealer’s registered representatives are also named in the suit that alleges violation of the Regulation Best Interest (Reg BI) standards. Specifically, the lawsuit references GWG L Bonds worth $13.3
Flower Mounds-based Centaurus Financial advisor William Charles Burks, also known as Bill Burks II, has been named in several customer disputes. Many are associated with risky investments such as GWG L Bonds. Financial advisors are required to disclose all risks to investors and may be held responsible if they fail to do so. Several cases
Bill Burks of Centaurus Financial Named in GWG Customer Disputes Read More »
Clinton Township, Michigan, based Ameriprise Financial Services broker Paul Demark received a two-month suspension in addition to a $7,500 fine at the hands of the financial Industry Regulatory Authority (FINRA). According to the letter of settlement, the FINRA action was initiated on the basis of the U5 filing. Record of Paul C. Demark DeMark is
Ameriprise Advisor Paul Demark SUSPENDED Read More »