What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: October 7, 2017

If you or someone you know lost money with Richard Schloss, you may be able to recover those losses on a contingency fee basis. Mr. Schloss was accused of placing a customer in an unsuitable investments, recommending unsuitable investments, and placing a customer in a high-risk bond which resulted in a loss of 60% of the original investment. These are all against securities laws. Schloss was previously registered with Painewebber Inc. in Weehawken, New Jersey from August 1986 until February 1998 and is currently registered with Wells Fargo in Canton, Ohio and has been since February 1998. He has three customer disputes against him, one of which is currently pending. This is according to his online FINRA BrokerCheck report.

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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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