Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yu Bai (Bai), previously associated with Landolt Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bai 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 $25,000.00 on January 23, 2024.
Almost 3.5 years after client purchased GWG L Bonds, and almost 2 years following GWG Holdings Inc. filing for Chapter 11 bankruptcy protection, the customer is now alleging that their L bond purchases from August 2020 were improperly sold.