Were you the victim of G. A. Repple & Company broker Paul Witthauer (CRD# 1672263) who is accused of GWG Holdings Inc. L bonds losses? He has been registered with G. A. Repple & Company in Jamestown, North Dakota since 2017. Previously, he was registered with OneAmerica Securities, Inc. in Jamestown, North Dakota from 2010 to 2017.
Paul Witthauer Customer Complaints
He has been the subject of one customer complaint in 2022, according to his CRD report:
May 2022. “G.A. Repple & Company received written notice from FINRA on May 2, 2022 that G.A Repple & Company have been named as Respondent in an arbitration concerning the purchase of $250,000 in L Bonds issued by GWG Holdings. [REDACTED] are listed as Claimants. The notice received from FINRA references the date April 26, 2022. Mr. Paul Witthauer is the registered representative of record and while not named as a Respondent, is referenced in the received notice. The bonds were purchased by Claimants on or about March 19, 2021.” The customer is seeking $250,000 in damages and the case is currently pending. The complaint was regarding debt-backed assets and viatical settlements and it took place while he was registered with G. A. Repple & Company.
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, G. A. Repple & Company may be liable for investment or other losses suffered by Paul Witthauer’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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