GWG Holdings Inc. Losses with JRL Capital Corporation Broker Hillard Rest

Hillard Rest

Erez Law is currently investigating JRL Capital Corporation broker Hillard Rest (CRD# 858840) regarding GWG Holdings Inc. losses. He has been registered with JRL Capital Corporation in Newport Beach, California since 2013.

Hillard Rest Customer Complaints

He has been the subject of two customer complaints in 2022, according to his CRD report:

July 2022. “Claimants allege breach of fiduciary duty, suitability, fraudulent or negligent material misrepresentation or omission, violation of FINRA Rules 2010, IM-2310-2 and 2020, and breach of contract.” The case is currently pending. The complaint was regarding GWG Holdings Inc. losses. 

June 2022. “Claimants allege breach of fiduciary duty, misrepresentation/non-disclosures, omission of facts, suitability, violation of Blue Sky laws, failure to supervise, negligence.” The customer is seeking $290,000 in damages and the case is currently pending. The complaint was regarding GWG Holdings Inc. L Bond losses

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, JRL Capital Corporation may be liable for investment or other losses suffered by Hillard Rest’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.