SEC Charges Western International Securities, Inc. with selling GWG Holdings L-Bonds| Goodman & Nekvasil P.A. May Recover Investor Losses
The U.S. Securities and Exchange Commission charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations when they recommended and sold an unrated, high-risk debt security known as L Bonds to retirees and other retail investors. From July 2020 through April 2021, Western sold an aggregate of $13.3 million of L Bonds.
Western International Securities, Inc. Allegedly Failed to Exercise Reasonable Diligence with the Sale of GWG L-Bonds
Western and its registered representatives Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan (together, the “Registered Representative Defendants”) failed to comply with this aspect of their Care Obligation, because they failed to exercise reasonable diligence, care, and skill to understand the risks, rewards, and costs associated with L Bonds.
Investors with Western International Securities, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested GWG L-Bonds with a Western International Broker Goodman & Nekvasil, P.A. may be able to help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $250 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for almost 40 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with Western International Securities, Inc. and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 6/15/22 directly from the SEC, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.