GWG Holdings Inc. Losses with Arive Capital Markets Broker Ricardo Rose

GWG Holdings Inc.

Erez Law is currently investigating Arive Capital Markets broker Ricardo Rose (CRD# 4225756), who is accused of GWG Holdings Inc. investment losses. He has been registered with Arive Capital Markets in Staten Island, New York, since 2015. Previously, he was registered with J.P. Turner & Company, L.L.C. in Brooklyn, New York, from 2008 to 2015.

Ricardo Rose Customer Complaints

He has been the subject of four customer complaints between 2004 and 2023, one of which was denied, according to his CRD report:

March 2023. “Claimant Claims GWG took her funds without her permission.” The customer is seeking $50,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, and it took place while he was registered with Arive Capital Markets.

November 2022. “unsuitable.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding a viatical settlement, and it took place while he was registered with J.P. Turner & Company, L.L.C. 

October 2022. “unsuitable.” The customer is seeking $315,000 in damages, and the case is currently pending. The complaint was regarding real estate securities, and it took place while he was registered with J.P. Turner & Company, L.L.C. 

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, Arive Capital Markets may be liable for investment or other losses suffered by Ricardo Rose’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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