Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Mccloskey (Mccloskey), previously associated with Westpark Capital, INC., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Mccloskey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $200,000.00 on November 22, 2024.
Customers allege that their investment in GWG constituted material misrepresentations, a failure to conduct reasonable due diligence, a breach of fiduciary duty to act in the claimants’ best interest, unsuitable investments, failure to supervise, negligence and violation of state and federal securities laws.