Were you the victim of JRL Capital Corporation broker Joseph Nelson (CRD# 2180626) who is alleged to recommend GWG Holdings Inc.? He has been registered with JRL Capital Corporation in Irvine, California since 2017. Previously, he was registered with Westpark Capital, Inc. in Irvine, California from 2016 to 2017 and with Newport Coast Securities, Inc. in Irvine, California from 2010 to 2016.
Joseph Nelson Customer Complaints
He has been the subject of two customer complaints between 2019 and 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, failure to supervise, breach of contract.” The case is currently pending. The complaint was regarding GWG Holdings Inc. losses and took place while he was registered with JRL Capital Corporation.
September 2019. “In October 2016 client purchased a dpp and is claiming misrepresentation and that the product was not suitable.” The customer sought $50,000 in damages and the case was settled for $14,999. The complaint is regarding direct investments and took place while he was registered with Westpark Capital, Inc.
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 Joseph Nelson’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.