{"id":28453,"date":"2022-08-06T09:00:27","date_gmt":"2022-08-06T14:00:27","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=28453"},"modified":"2022-08-25T10:31:37","modified_gmt":"2022-08-25T15:31:37","slug":"broker-patrick-egan-gwg-l-bond-charges","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/broker-patrick-egan-gwg-l-bond-charges\/","title":{"rendered":"Following SEC Charges Related To GWG L Bonds, CFP Board Suspends Western International Securities Broker Patrick Egan"},"content":{"rendered":"

California investment advisor accused of best interest violations\u00a0<\/span><\/h2>\n

The Certified Financial Board has suspended Western International Securities<\/a> financial advisor Patrick Michael Egan from using his CFP designation. The decision comes after the US Securities and the Exchange Commission (SEC) charged him, the broker-dealer, and four other Western International brokers with alleged Regulation Best Interest (Reg BI) violations related to their sale of <\/span>GWG Holdings L Bonds<\/span><\/a>.\u00a0<\/span><\/p>\n

The SEC contends they sold investors these risky, illiquid junk bonds despite the fact these investments were not in the latter\u2019s best interests, given their investing profiles, financial goals, and risk tolerance levels. The CFP Board is the non-profit organization that administers the Certified Financial Planner Certification program.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

California investment advisor accused of best interest violations\u00a0 The Certified Financial Board has suspended Western International Securities financial advisor Patrick Michael Egan from using his CFP designation. The decision comes after the US Securities and the Exchange Commission (SEC) charged him, the broker-dealer, and four other Western International brokers with alleged Regulation Best Interest (Reg […]<\/p>\n","protected":false},"author":2,"featured_media":28454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4693,4753],"tags":[4696,4756,3002],"class_list":["post-28453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-gwg-holdings","category-western-international-securities","tag-gwg-l-bonds","tag-patrick-egan","tag-western-international-securities"],"yoast_head":"\nBroker Patrick Egan Suspended Over GWG L Bonds Sales<\/title>\n<meta name=\"description\" content=\"Western International Securities broker Patrick Egan has been suspended following SEC charges related to GWG L bonds. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/broker-patrick-egan-gwg-l-bond-charges\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Patrick Egan Suspended Over GWG L Bonds Sales\" \/>\n<meta name=\"twitter:description\" content=\"Western International Securities broker Patrick Egan has been suspended following SEC charges related to GWG L bonds. Learn more.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/08\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker Patrick Egan Suspended Over GWG L Bonds Sales","description":"Western International Securities broker Patrick Egan has been suspended following SEC charges related to GWG L bonds. 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