What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: June 15, 2015

The Financial Industry Regulatory Authority (FINRA) barred Paul Leon White from the securities industry in 2010 for allegedly recommending unsuitable real estate investment trust (REIT) investments to his customers. One of them was a non-profit animal shelter tenant-in-common (TIC) interest in undeveloped rural land that Mr. White had an interest in. He also recommended the shelter invest in non-traded REITs. He also had a complaint against him that alleged he recommended unsuitable investments to a customer from 2004 to 2009. He was terminated from his former firm, Equity Services, Inc. in 2003 for using unauthorized sales literature.

Mr. White was registered with Equity Services in Montpelier, Vermont, Berthel, Fisher & Co Financial Services in Marion, Iowa, Alternative Wealth Strategies in Melville, New York, Heritage Financial Systems in Melville and Halcyon Capital Markets in Meredith, New Hampshire. He has five customer disputes against him. He is not licensed as a broker and he was permanently barred from the industry. If you would like to find out how to sue Paul Leon White, and his former firm, for failing to supervise him, you may call us at 312-332-4200 to speak with one of our securities attorneys.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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