Erez Law is currently investigating Spire Securities, LLC broker Gary DiDonna (CRD# 1651306) regarding GWG Holdings Inc. L Bonds losses. He has been registered with Spire Securities, LLC in Osprey, Florida since 2016. Previously, he was registered with Investors Capital Advisory in Nokomis, Florida from January to August 2016 and with Sagepoint Financial, Inc. in Nokomis, Florida from 2013 to 2016.
Gary DiDonna Customer Complaints
He has been the subject of three customer complaints between 2008 and 2022, one of which was denied, according to his CRD report:
June 2022. “Unsuitable investment recommendations. Client invested $300,000 between 2020 and 2021.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding GWG Holdings Inc. L Bonds investment losses and it took place while he was registered with Spire Securities, LLC.
June 2021. “Claimant alleges that he was given poor advice regarding withdrawals from an annuity and that alternative investments were recommended that did not meet the client’s needs and objectives.” The customer is seeking $300,000 in damages and the case is currently pending. The complaint took place while he was registered with Sagepoint Financial, Inc, Investors Capital Corp., and Spire 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, Spire Securities, LLC may be liable for investment or other losses suffered by Gary Didonna’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.