Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Eades (Eades), currently associated with Capital Investment Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Eades 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 $114,000.00 on July 18, 2024.
GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Complaint alleges unsuitable recommendations, misrepresentation and omissions of material fact, breach of contract, breach of fiduciary duty and, negligence and gross negligence related to an investment in GWG L-Bonds.\, \, On 08/12/2024, an amended Statement of Claim was filed by plaintiffs’ counsel, increasing the damage amount from $82,000 to $114,000. The amendment was not known to the firm until 11/05/2024, at which time a Form U4 amendment was filed to state the new amount.