Texas Revokes George Marwieh’s RIA License
Our broker misconduct lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are investigating claims by customers who were sold Future Income Payments notes by their financial advisers or brokers. One of these advisers, George A. Marwieh, got his license revoked by the state of Texas. This bars him from working as a registered investment adviser (RIA) in Texas. Marwieh and his Marwieh Advisory Services, LLC are based in Austin, Texas.
Future Income Payments is accused of running a Ponzi scam that defrauded over 2600 investors of more than $300M. Many of those who lost money were retirees and US veterans.