Dennis Patrick Thurman, a registered broker and investment adviser with Arete Wealth Management, LLC is currently being investigated for his recommendation and sale of GWG L Bonds. Investors in GWG L Bonds have suffered significant losses. Harmed investors are strongly encouraged to contact an experienced investment fraud lawyer.
At Meyer Wilson, we provide dedicated representation for investors who have sustained financial losses related to unsuitable investment recommendations. Our lawyers have secured over $350 million on behalf of clients nationwide. If you invested in GWG L Bonds, you may only have a limited amount of time to recover damages. Contact our office today at (614) 532-4576 to schedule a free consultation.
The BrokerCheck report filed on behalf of Dennis Patrick Thurman shows a total of six disclosures. Three of the disclosures are related to tax liens, while the balance are customer disputes. The most recent of which is still pending.
A customer has accused Thurman of making unsuitable investment recommendations which resulted in substantial losses. According to the report, the investment in question was GWG L Bonds. The customer is requesting damages in the amount of $100,000.
GWG L Bonds are considered risky, illiquid investments. The bond has suspended interest payments and redemptions crippling investors. Individuals who invested in GWG L Bonds should speak to an attorney immediately about their legal options.
In addition to the pending dispute against Dennis Thurman, there have also been two settled claims filed against the broker.
The first of which is related to private placements. Clients allege that Thurman engaged in fraud, misrepresentation, securities violations, negligence, and more when recommending an “early-stage, speculative ethanol production venture.” Damages in the dispute amounted to $1,780,000.
In the prior dispute, the customer alleged that Thurman again engaged in fraud, misrepresentation, negligence, breach of fiduciary duty, and more. The matter eventually settled for $94,000.
Dennis Thurman has 29 years of experience and has worked for multiple firms. He is currently listed as a registered representative of Arete Wealth Management, LLC, but was previously employed with First Allied Securities, Inc. He has passed 4 exams and holds 21 state licenses.
Thurman also has three IRS tax liens listed on his profile. The tax liens remain outstanding. The first stems from 2013 and has a balance of $20,561.59. The second lien is in the amount of $40,440. The final lien is from 2017 and is in the amount of $75,735.00.
If you had investment losses related to GWG L Bonds or another unsuitable recommendation, we might be able to help. Contact our office today to schedule a free, no-obligation consultation. Call (614) 532-4576 to speak directly with an attorney. We proudly serve clients nationwide.