National investment loss lawyers KlaymanToskes is investigating broker Craig McDaniel (CRD# 1087979) of Capital Investment Group following the filing of two customer complaints alleging $250,000 in collective investor damages due to unsuitable recommendations to invest in high risk and illiquid GWG L Bonds.
In April 2022, GWG Holdings, Inc. filed for bankruptcy, suspending their monthly dividends and leaving investors without access to their principal. In August 2023, the GWG L Bonds were canceled, and investors were issued “Interests” in the Wind Down Trust. The value of the Interests and timeline for the bankruptcy’s resolution are still uncertain.
GWG L bonds were marketed by many brokerage firms and financial advisors as safe and low-risk investments that were instead illiquid, high-risk, and speculative. Financial professionals and their firms can be held accountable for investment losses incurred by customers if the investment was unsuitable for the customer’s risk tolerance and objectives, or if they misrepresented the nature of the investment.
KlaymanToskes encourages bondholders to maximize their recovery of losses by filing FINRA arbitration claims against the brokerage firms and financial advisors who sold these illiquid investments.
Investors that suffered losses with broker Craig McDaniel are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigations of broker Craig McDaniel:
If you suffered losses with broker Craig McDaniel at Capital Investment Group, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Craig McDaniel. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Capital Investment Group are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Craig McDaniel, or have concerns regarding your investment portfolio at Capital Investment Group, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.