National investment loss lawyers KlaymanToskes is investigating broker/investment advisor Gary Sauve (CRD# 411499) of Centaurus Financial and Financial Planning Centers Network in connection with claims that he may have unsuitably sold GWG L Bonds to his customers.
According to FINRA BrokerCheck, Gary Sauve was previously registered as a broker/investment advisor with Centaurus Financial in Bismarck, ND from 2015 to 2021. Sauve has three pending complaints filed which allege unsuitable, high-risk, and illiquid investments.
Investors that suffered losses with Gary Sauve may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is currently representing investors who sustained significant losses in GWG Holdings, Inc. (OTCMKTS: GWGHQ) L Bonds and is investigating the misappropriation of investor funds. Investors are encouraged to learn more about GWG L Bond Investment Recovery Options.
Some brokerage firms and financial advisers marketed GWG L bonds as safe and low-risk investments, however, GWG L Bonds are unrated, illiquid, high risk, and speculative. GWG disclosed on the second page of its 2020 Prospectus, “L Bonds are only suitable for persons with substantial financial resources and with no need for liquidity in this investment.”
Although GWG Holdings, Inc. filed for chapter 11 bankruptcy in April, 2022, and were recently canceled, investors may still pursue individual FINRA arbitration claims against the financial advisors and firms who sold illiquid GWG L Bonds.
Investors that suffered losses in GWG L Bonds at Centaurus Financial or Financial Planning Centers Network are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free and confidential consultation to discuss recovery options.
According to FINRA BrokerCheck, Gary Lee Sauve has four customer complaints, three of which are currently pending. The most recent complaint alleges $50,000 in damages due to high-risk and illiquid investment recommendations.
A second customer complaint alleges $265,000 in damages and that Sauve recommended an unsuitable investment. A third customer alleges $50,000 in damages due to an unsuitable investment. Sauve’s final customer complaint was settled in favor of the investor for $27,500 and also alleged unsuitable, high-risk, and illiquid investment recommendations.
If you suffered losses with Gary Sauve at Centaurus Financial or Financial Planning Centers Network, contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free and confidential consultation to discuss your potential case.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com