GPB Capital Holdings: GPB Capital Lawsuits Surge On Ponzi Scheme Allegations

Last month the SEC ordered GPB Capital Holdings into receivership to help return investors’ funds. This comes right after FINRA fined two broker-dealers for GPB Capital Holdings Sales this week. This comes after nearly 3 years of bad news and more investors file lawsuits to recover losses. Just last February GBP Capital Holdings and three …

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SEC Accuses Western International Securities, Five Brokers, Of Reg BI Violations Related to L Bond Sales of $13.3M

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 …

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Bill Burks Centaurus Complaints GWG Holdings

Bill Burks of Centaurus Financial Named in GWG Customer Disputes

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 …

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Ameriprise Advisor Paul Demark SUSPENDED

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. DemarkContentsRecord of Paul …

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Patrick Egan, Western International Securities (WIS), Suspended By CFP Board

Patrick Egan, a Western International Securities (WIS) certified financial planner (CFP), has been suspended by The Certified Financial Planner Board of Standards Inc., the professional body for personal financial planners in the U.S. the two key responsibilities of which are administering the CFP certification and setting standards for financial planning. Action against Patric EganContentsAction against …

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