National investment loss lawyers KlaymanToskes is investigating broker Edward Kasperavich (CRD# 4970038) of Stonecrest Capital Markets and Stonecrest Advisors.
According to FINRA BrokerCheck, broker Edward Kasperavich is currently involved in several customer complaints alleging unsuitable recommendations to invest in GWG L Bonds and $690,000 in collective investor damages. In April 2022, GWG Holdings, Inc. filed for bankruptcy, suspending their monthly dividends and leaving investors without access to their principal. On January 29, 2024, financials were filed with the bankruptcy court by the GWG Wind Down Trustee which confirmed that L bondholders will only receive a small fraction of their investments from the bankruptcy.
Accordingly, it is in bondholders’ best legal interest to maximize their recovery of losses by filing FINRA arbitration claims against the brokerage firms and financial advisors who sold these unsuitable products, such as Stonecrest Capital Markets.
Investors that suffered losses with broker Edward Kasperavich are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Edward Kasperavich, of Stonecrest Capital Markets and Stonecrest Advisors, is currently facing several investor disputes alleging unsuitable recommendations to invest in GWG L Bonds. One of the customer complaints alleges $390,000 in damages, while a second pending customer complaint filed alleges $300,000 in damages due to GWG L Bond investments. According to FINRA BrokerCheck, broker Edward Kasperavich is currently registered with Stonecrest Capital Markets and Stonecrest Advisors in Austin, TX.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. 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.
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 Edward Kasperavich, or have concerns regarding your investment portfolio at Stonecrest Capital Markets, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.