GWG L Bonds FINRA Arbitration Claim Requests Up to $500K in Damages
A retired couple from Republic, Missouri, has filed a six-figure claim against Center Street Securities over losses sustained in GWG Holdings, Inc. (NASDAQ: GWGH). Both inexperienced investors with health issues, the claimants had entrusted the brokerage firm with keeping their money safe.
Instead, their Center Street Securities broker Joe Latour, a registered investment advisor with the Latour Financial Group, unsuitably recommended and sold them GWG L Bonds. He did this while neglecting to give a full picture of the risks. Now, these investors are pursuing up to $500K in damages for their losses.