What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: November 4, 2015

Stoltmann Law Offices is investigating Eric Wegner, a broker with Cambridge Investment Research. He is accused of making unsuitable investments, misrepresentation, breaching fiduciary duty, and making false statements, many in connection with the sale of private placements like TIC interests. He also allegedly made unsuitable recommendations over the sale of variable annuities. Tenant-in-common (TIC)s are when investors have an undivided interest in real property. Each tenant owns a separate and undivided interest in the same real property and has an equal right to the possession and use of it. TICs can be very risky investments and are not suitable for every investor. A broker must take into account an investor’s net worth, age, investment sophistication and portfolio objective before recommending securities, and, if he does not, and investment losses occur, can be held liable for those losses. In many cases, his current or former brokerage firm can be used in the Financial Industry Regulatory Authority (FINRA) arbitration process because they had a responsibility to regulate and supervise the broker while he was employed there.

Eric Wegner was registered with Allstate Financial Services in Lincoln, Nebraska from January 2000 until October 2000, FFP Securities in Chesterfield, Missouri from October 2000 until December 2002, Sammons Securities Company in Burnsville, Minnesota from December 2002 until December 2008, QA3 Financial Corp in Burnsville from January 2009 until February 2011 and Sigma Financial Corp in Minneapolis, Minnesota from February 2011 until July 2013. He is currently registered with Cambridge Investment Research in Delafield, Wisconsin and has been since July 2013. He has five customer disputes against him, one of which is currently pending.

If you or someone you know invested and lost money in TIC investments or any other investments with Eric Wegner and Cambridge Investment Research, please call our securities law firm in Chicago to speak with an attorney about your options of bringing a claim against the firm. The call is free with no obligation. We take cases on a contingency fee basis only so we only make money when you recover your losses. Please call as soon as possible as time is of the essence with these types of cases. There are statutes of limitations. 312-332-4200.


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.


Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

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.

Stoltmann Law Securities Investment Fraud Attorneys