National investment loss lawyers KlaymanToskes is investigating broker John Schlagheck (CRD# 1040673) of Intervest International Equities Corporation and Cape Securities Inc.
According to FINRA BrokerCheck, broker John Schlagheck is currently involved in several customer complaints alleging unsuitable recommendations to invest in GWG L Bonds and $1,672,868 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. 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 Intervest International Equities.
Investors that suffered losses with broker John Schlagheck 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 Schlagheck, formerly of Intervest International Equities Corporation and Cape Securities, Inc., is currently facing several customer complaints alleging unsuitable recommendations to invest in GWG L Bonds. One of the customer complaints alleges $1,107,868 in damages. A second pending customer complaint filed alleges $565,000 in damages due to GWG L Bond investments. Schlagheck has also been hit with four additional customer complaints related to GWG L Bonds, which were settled in favor of the investors for $172,548 in collective damages. According to FINRA BrokerCheck, broker John Schlagheck was employed with Intervest International Equities from August 2017 to October 2022 in Ottawa Lake, MI. Schlagheck was then registered with Cape Securities, Inc. in Mcdonough, GA from October 2022 to March 2023.
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 John Schlagheck, or have concerns regarding your investment portfolio at Intervest International Equities Corporation, Cape Securities Inc., 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.