Investors who purchased GWG Renewable Secured Debentures from Center State Securities should be aware of two recent FINRA sanctions:
- In July 2014 Center Street Securities was fined $100,000 by FINRA for selling GWG Debentures to persons for whom the investment was not suitable. See this blog posting for more information.
- In August 2014 Center Street Securities Chief Compliance Officer Jason Lamb was suspended for two months and fined $10,000 for approving sales of GWG Debentures to persons for whom the investments were unsuitable and for failing to heed other red flags in connection with the GWG Debenture sales. See this prior posting.
If you suffered damages on GWG Debentures purchased from Center Street Securities , contact us to learn about you remedies.
Rex Securities Law , located in Boca Raton, FL, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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