Investor Alert: Complaint Filed Against Broker Gary Thomas Madrid – May Recover Investor Losses

Complaint Filed Against Broker Gary Thomas Madrid.

Goodman & Nekvasil, P.A. Investigates Allegations Involving Broker Gary Thomas Madrid.

Investor Alert: Gary Thomas Madrid (CRD #1934700), a registered broker with WestPark Capital, Inc. in Irvine, California, is facing a recent customer complaint filed on August 13, 2025 involving the sale of GWG bonds. The pending FINRA arbitration (Case No. 25-01666) alleges that Madrid violated key investor protection rules, including Regulation Best Interest (Reg BI) and FINRA Rule 2111 (Suitability), by recommending high-risk, illiquid securities that were not in line with the customer’s financial needs or risk tolerance. The claim, seeking $50,000 in damages, also charges breach of fiduciary duty and negligence, raising serious concerns about whether Madrid placed his own interests ahead of his client’s. Investors who purchased GWG bonds or other risky alternative investments through Gary T. Madrid should carefully review their accounts and consider their legal rights, as unsuitable recommendations and Reg BI violations can lead to significant financial losses.

Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.

Gary Thomas Madrid (CRD #1934700), a broker for WestPark Capital, Inc. in Irvine, California, has a pending investor complaint. According to Madrid’s FINRA BrokerCheck report, Customer alleges that the recommendation to purchase GWG bonds constituted a breach of fiduciary duty, negligence and violations of Reg BI.

The customer is requesting $50,000.00 for alleged damages.

Goodman & Nekvasil, P.A. Investigates Allegations Involving Broker Gary Thomas Madrid.

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 9/23/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

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