Articles Posted in Reg BI

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Travis Jennings (Jennings), previously associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jennings recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $500,000.00 on September 29, 2022.

The claimant alleges (i) that Encompass Financial Group, Inc. d/b/a Finance CAPE and Travis S. Jennings solicited and recommended that claimant invest $500,000 in L-Bonds offered by GWG Holdings in October 2020; (ii) that the recommendations were contrary to the claimant’s investment objectives, risk tolerance, and best interest; (iii) that the recommendations were also contrary to the instructions given by claimant; (iv) that Finance CAPE and Jennings breached their fiduciary duty; and (v) that the investments resulted in damages. Finance CAPE and Jennings deny all claims.