PHILLIP ANDERSON Has GWG Holdings Investor Complaints – Goodman & Nekvasil, P.A. May Recover Investor Losses
Former RESURGENT FINANCIAL ADVISORS LLC investment adviser, PHILLIP ANDERSON Has GWG Holdings Investor Complaints.
PHILLIP CURTIS ANDERSON
CRD#: 814936
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
PHILLIP CURTIS ANDERSON (
CRD#: 814936), a former registered representative for KINGSWOOD CAPITAL PARTNERS, LLC in Roseville, CA has GWG Holdings investor complaints. According to Anderson’s FINRA BrokerCheck report, The most recent pending claimant states in claim that rep caused claimant to purchase unsuitable, illiquid, risky private placements for which he was not qualified for and used false information and material omissions to cause claimant to make such purchases in breach of duties owed to him.
Rep moved to new IA firm in 2017, claimant moved his account with representative to new firm. Representative contacted claimant in October 2017 to solicit a Private Placement investment to claimant. Claimant states representative stated investment was a growth fund that would garner 7-8% return per year. Claimant states representaive failed to inform that the investment was an unregistered private placement and that it was illiquid.
FINRA subsequently suspended Anderson
FINRA alleges that Anderson made recommendations to senior retail customers that were unsuitable based on the customers’ investment profiles by recommending that that they invest in speculative, unrated corporate bonds. The findings stated that Anderson’s recommendations to the customers resulted in at least 96 percent and 35 percent of their respective net worth, not including primary residence, being invested in the bonds. Anderson earned a total of $8,280 in commissions in connection with these recommendations. A customer and a beneficiary of the other customer each brought and settled an arbitration against Anderson’s member firm relating to the bond investments.
Anderson consented to a five-month suspension from associating with any FINRA member in all capacities, and a $10,000 fine. The suspended broker was also ordered disgorgement of $8,280.00.
Former RESURGENT FINANCIAL ADVISORS LLC investment adviser, PHILLIP ANDERSON Has GWG Holdings Investor Complaints.
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 5/19/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.
