Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Did Jeffrey Noard Sell You GWG L Bonds?

Emerson Equity/former Cabot Lodge Broker Accused of Inappropriate Sales

Jeffrey Donald Noard (CRD#: 1983392), a registered broker and investment advisor has been accused of misconduct, according to his profile with the Financial Industry Regulatory Authority, Inc. (FINRA). Allegations include that he recommended and sold illiquid, high commission, unsuitable investments to customers. One customer is requesting damages in the amount of $100,000.

At Meyer Wilson, we are experienced, trusted investment and securities fraud attorneys. We help clients nationwide recover investment losses related to broker misconduct and other wrongdoing. To date, we have secured over $350,000,000 for our clients. If you have sustained losses after being sold GWG L Bonds by Jeffrey Noard or another broker, contact our office at (614) 532-4576 for a free consultation. 

Accusations of Misconduct Against Jeffrey Noard

As noted in Jeffrey Noard’s BrokerCheck report, the broker is the subject of a pending customer dispute. The allegations include that he recommended and sold customers over $1.1 million in illiquid, high-commission direct investments (DPP & LP interests), equity listed (common & preferred stock) Investments, and real estate securities. 

Additionally, the customer has stated that the high-risk investments were unsuitable. They are claiming damages in the amount of $100,000. Noard was employed with Cabot Lodge Securities, LLC from June 14, 2013, until June 26, 2020. He is currently a registered representative of Emerson Equity, LLC.

Previous Reports Against Jeffrey Noard

The pending customer dispute is not the only disclosure on Noard’s report. In 2014, FINRA issued a regulatory finding against the broker ending in a civil and administrative penalty/fine and a suspension. 

A disciplinary proceeding complaint issued by the Department of Enforcement notes that in June 2012, Jeffrey Noard made unsuitable recommendations to an elderly customer of Allied Beacon Partners, Inc. while he was a registered representative of the firm. The investment recommendation involved GWG L Bonds issued by GWG Holdings, Inc. The bonds are reportedly “illiquid, speculative investments that involve a high degree of risk.”

The regulatory agency found that Noard’s recommendations were not suitable based on the client’s risk tolerance. Additionally, the board found that he did not adequately disclose the risks to the client. The recommendation and sale of the renewable debentures resulted in a loss to the client. As a result, Noard was fined and suspended.

Individuals who were recommended or sold GWG L Bonds by Jeffrey Noard are strongly encouraged to contact an investment misconduct attorney

Other Allegations Against Noard

Noard has also been discharged from employment with Wells Fargo Advisors, LLC after allegedly violating firm policies and procedures. In a telephone call with an insurance company, he reportedly acted as the husband to obtain an annuity for the couple. 

Contact Our Office for a Free Consultation

If you suffered losses after investing with Jeffrey Noard, you might be able to recover losses through FINRA arbitration or a lawsuit. Contact our office at (614) 532-4576 to schedule a free consultation.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram