Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Lancaster (Lancaster), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lancaster 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 $75,000.00 on August 04, 2022.
Breach of fiduciary duty, suitability, material misrepresentation in the sale of the investments, failure to supervise related to an investment in GWG L Bonds in November 2020 and January 2021. GWG filed for bankruptcy in June 2022 and the clients filed the arbitration soon after.