National investment loss lawyers KlaymanToskes is investigating broker John Doiron (CRD# 5305305) of Cabot Lodge Securities, following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) alleging investor damages of $150,000 due to unsuitable recommendations to invest in GWG L Bonds.
In April 2022, GWG Holdings, Inc. filed for bankruptcy, suspending their monthly dividends and leaving investors without access to their principal. Most recently, 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 Cabot Lodge Securities.
Investors that suffered losses with broker John Doiron 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 John Doiron, of Cabot Lodge Securities, is currently involved in a pending customer complaint alleging $150,000 in investor damages due to unsuitable recommendations to invest in GWG L Bonds. The customers further allege breach of fiduciary duty, violation of various FINRA Rules, material misrepresentation and material omission of Information, various violations of state securities laws, common law fraud, and common law negligence, failure to supervise, breach of contract with regards to the purchase of GWG L-bonds.
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.
According to FINRA and the SEC, investment firms such as Cabot Lodge Securities are responsible for the supervision of all of the activities of their registered brokers/investment advisors. Investors may be entitled to a financial recovery if their firm failed to supervise the representative managing their account, and/or if their financial 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 John Doiron, or have concerns regarding your investment portfolio at Cabot Lodge Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss your potential recovery options.