What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: October 12, 2015

Stoltmann Law Offices is investigating Robert J. Kerrigan, a former advisor with Personal Wealth Management Group in Scottsdale, Arizona. The Securities Division of the Arizona Corporation Commission alleged that Kerrigan solicited investors to invest in a company called USA Barcelona Realty Advisors LLC, which Kerrigan was an executive. The Commission alleged that Kerrigan solicited investors at his firm, First Financial Equity Corp, to invest in promissory notes of USA Barcelona Realty Advisors. It was a REIT (real estate investment trust) with a maturity date in December 2014. Allegedly, Kerrigan misrepresented the risks of the REIT. It is a broker’s duty and obligation to take into consideration a client’s risk tolerance, portfolio, age, and net worth among other factors when recommending a security. If he does not, his firm can be held liable for investment losses. REITs tend to be risky investments and are not suitable for every investor.

Kerrigan was registered with Cigna Securities from October 1967 until May 1985, Incor Securities from October 1984 until August 1985, Ernst, Diessner Securities Corp from July 1985 until August 1987, First Financial Equity Corp from July 1987 until October 1988, Prime Financial Securities in Denver, Colorado from October 1988 until July 1990, M.F. Diesnner Securities Corp in Phoenix, Arizona from September 1990 until September 1994 and First Financial Equity Corp in Scottsdale, Arizona from October 2008 until August 2015. He has four customer disputes against him. He is not currently licensed within the industry.

If you or someone you know lost money with Robert J. Kerrigan, please call our securities law firm at 312-332-4200 for a free consultation with an attorney. There is no obligation. His former firm, Prime Financial Securities, may be liable for investment losses because of their inability to reasonably supervise him. Please call as soon as possible because time is of the essence in these cases.


The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


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