Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has formally opened an investigation into Dallas, TX financial advisor Wang Chang “Brian” Tsai (CRD #6687951), currently registered with Landolt Securities, Inc. and affiliated with TKC Wealth Management LLC. If you are an investor in Texas or anywhere nationwide who trusted Brian Tsai with your funds and have concerns about your account performance or sales of high-risk products, we urge you to review this research thoroughly and reach out for a complimentary, confidential consultation at 1-888-885-7162.
We are a team of veteran former Wall Street defense attorneys with 95+ years of combined experience, a 98% success rate across hundreds of investor cases, and experience handling over $520 million in securities matters. Our insider knowledge drives us to aggressively fight for individuals harmed by investment fraud and broker misconduct. Our track record includes Martindale-Hubbell AV Preeminent (Top 2%), Super Lawyers honors, and 5.0-star client reviews. If you have suffered losses, remember: No recovery, no fee.
Why Are We Investigating Brian Tsai in Dallas, TX?
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Our attorneys continuously monitor regulatory actions, investor complaints, and industry developments affecting retail clients. We opened an investigation after learning that the Texas State Securities Board (TSSB) took action against Brian Tsai while he was associated with Landolt Securities, Inc. in connection with the recommendation and sale of high-risk GWG L Bonds. These findings suggest concerning supervisory issues and sales practices involving alternative investments.
Key Background: Who Is Wang Chang “Brian” Tsai?
| Name | Wang Chang Tsai (also known as Brian Tsai) |
| CRD Number | 6687951 |
| Location | Dallas, Texas |
| Current Employer | Landolt Securities, Inc., Dallas, TX |
| Also Associated With | TKC Wealth Management LLC |
| Prior Firm | Richfield Orion International, Inc. |
| Licenses | Series 7, 63; registered in CA, NY |
| Other Roles | Secretary, Greater Dallas Taiwanese Chamber of Commerce |
Red Flags & Regulatory Findings: Brian Tsai (Landolt Securities, Inc.)
According to the TSSB regulatory action (Case No. LID-26-CAF-03, April 2026):
- Recommendation and sale of high-risk GWG L Bonds: Brian Tsai sold GWG L Bonds with interest rates between 5.50% and 8.50%, described as high risk, to retail investors.
- Concentration risks: Several client accounts allegedly exceeded firm concentration limits for alternative investments, with investments in a single risky product reaching 24% and 29% of net worth.
- Senior investor concerns: At least one elderly client, age 74, allegedly received a recommendation for GWG L Bonds despite firm guidelines discouraging such sales to clients over age 70.
- Procedural violations: The transactions were found to violate Landolt Securities’ Written Supervisory Procedures (WSPs) regarding alternative investments.
- Regulatory outcome: Tsai was reprimanded and ordered to refund affected clients under a regulatory undertaking with Texas securities regulators.
Should You Be Concerned as a Dallas-Area Investor?
Alternative investments, including GWG L Bonds, can expose investors to substantial risks that may not align with their objectives, liquidity needs, or risk tolerance, especially for retirees and investors on fixed incomes. When accounts exceed reasonable concentration levels, or when unsuitable recommendations are made to senior investors, the potential for serious losses can increase sharply. Our experience as former Wall Street defense counsel gives us insight into how these matters develop and how investors may pursue recovery.
How You May Be Able to Recover Your Investment Losses
If you invested in GWG L Bonds, or experienced unexpected losses on any investment recommended by Brian Tsai at Landolt Securities, Inc. or TKC Wealth Management LLC, you may have recovery options. Many disputes involving brokers are resolved through FINRA arbitration, a process through which investors can seek damages from brokerage firms and financial advisors for negligence, unsuitable recommendations, misrepresentations, or other violations of industry standards.
Complaints and Public Disclosures Against Brian Tsai
We reviewed the public BrokerCheck profile and other available records for Wang Chang “Brian” Tsai. As of the latest public reporting:
- No customer complaints are disclosed on FINRA records.
- No civil judicial actions are reported on BrokerCheck.
- No arbitration claims or civil lawsuits appear against Mr. Tsai as of this writing.
- One state regulatory action (TSSB, April 2026) appears, as described above, involving procedural violations tied to alternative investment sales.
- No bankruptcy, lien, or criminal disclosures are reported.
It is important to understand that the absence of public customer complaints does not necessarily mean that losses or misconduct did not occur; it may simply mean that investors have not yet filed claims or come forward.
Why Choose Our Attorneys to Fight for Your Recovery?
- 95+ years of combined Wall Street and securities litigation experience
- Insights developed as former defense counsel
- 98% success rate and experience in $520M+ in securities matters
- Martindale-Hubbell AV Preeminent recognition (Top 2% of attorneys)
- Super Lawyers honors and 5.0-star client ratings
- No recovery, no fee
Next Steps: Free, Confidential Consultation for Investors in Dallas, TX
If you trusted Brian Tsai or any advisor at Landolt Securities, Inc. or TKC Wealth Management LLC, and now question whether your account was handled appropriately or whether you suffered investment losses tied to unsuitable recommendations, you may be entitled to answers and possible legal remedies. We encourage you to contact our team to discuss your situation.
- Request a free case evaluation
- Speak with experienced investment fraud attorneys
- No cost or obligation: 1-888-885-7162
Your recovery starts with a conversation. Let our attorneys use their experience and advocacy to help you pursue your financial recovery.
