Articles Tagged with Joseph Beam

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Capital Investment Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Beam 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 $100,000.00 on August 14, 2025.

GWG Holdings, Inc. filed for Chapter 11 bankruptcy on April 20, 2022. Relative to specific investments made by clients, claims included breach of written contract, breach of fiduciary duty, failure to supervise, misrepresentations and omissions; violation of FINRA Rules; violation of federal securities laws, violation of North Carolina and South Carolina Securities Act, and; violation of Best Interest Obligations (Reg BI).

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Capital Investment Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Beam 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 August 04, 2025.

Client invested in GWG Holdings L-Bonds and two annuity products. GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022., The Statement of Claim alleges unsuitable recommendations, and violations of Regulation Best Interest.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Capital Investment Group, Inc., has at least 7 disclosable events. These events include 7 customer complaints, alleging that Beam 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 $225,000.00 on January 28, 2025.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. The Statement of Claim alleged that the product recommended to, and purchased by clients, GWG L-Bonds, was unsuitable in nature. Allegations include violations of federal securities laws, violation of North Carolina Securities Act, violation of South Carolina Securities Act, breach of contract, common law fraud, breach of fiduciary duty and, negligence and gross negligence.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Capital Investment Group, Inc., has at least 8 disclosable events. These events include 8 customer complaints, alleging that Beam 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 $225,000.00 on January 28, 2025.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. The Statement of Claim alleged that the product recommended to, and purchased by clients, GWG L-Bonds, was unsuitable in nature. Allegations include violations of federal securities laws, violation of North Carolina Securities Act, violation of South Carolina Securities Act, breach of contract, common law fraud, breach of fiduciary duty and, negligence and gross negligence.