GWG Holdings Inc. Losses with IFP Securities, LLC Broker Antonio Moreno Jr.

GWG Holdings Inc.

Were you the victim of IFP Securities, LLC  broker Antonio Moreno Jr. (CRD# 2251158), who is accused of GWG Holdings Inc. investment losses? He has been registered with IFP Securities, LLC in Orlando, Florida, since 2019 and with Independent Financial Partners in Orlando, Florida, since 2009. Previously, he was registered with LPL Financial LLC in Orlando, Florida, from 2004 to 2019.

Antonio Moreno Jr. Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

June 2022. “Clients assert in light of the customer profile, investments were not suitable in light of these speculative, non-conventional investments (GWG Holdings). Accordingly, they assert these recommendations amounted to negligence and a breach of fiduciary duty.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was related to corporate debt, and it took place while he was registered with IFP Securities, LLC.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, IFP Securities, LLC may be liable for investment or other losses suffered by Antonio Moreno Jr.’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.