Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Dorn (Dorn), currently associated with Cape Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Dorn 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 $170,000.00 on March 21, 2025.
The Claimants, [REDACTED] and KM Partnership, allege that between December 1, 2017 and December 1, 2020, they invested in GWG Holdings, Inc. (‘GWG’) L Bonds at the recommendation of Peter Dorn, a registered representative at Cape Securities. During that time, the Claimants purchased a total of $170,000 worth of L Bonds, consisting of: (1) a $20,000 L Bond issued on December 1, 2017, maturing on November 30, 2024; (2) two $25,000 L Bonds issued on September 1, 2019, one maturing on August 31, 2024 and the other maturing on August 31, 2026; (3) two $50,000 L Bonds, one maturing on November 25, 2025 and\<char_lb_r>\, the other maturing on November 30, 2025. GWG filed for bankruptcy on April 20, 2022. The Claimants allege that because of Dorn’s recommendation, they were damaged.