Barred Sarasota Advisor Becomes Subject Of GWG Bond Complaint

Posted on June 14th, 2022 at 1:23 PM
Barred Sarasota Advisor Becomes Subject Of GWG Bond Complaint

From the Desk of Jim Eccleston at Eccleston Law:

An advisor who received a Financial Industry Regulatory Authority (FINRA) bar last year and had numerous BrokerCheck “disclosures” has become the main subject of a client complaint alleging negligence over GWG L Bond sales. 

The advisor, Marc Korsch, was barred from the industry after failing to cooperate with FINRA during an investigation. Korsch’s BrokerCheck report lists 33 disclosures, which range from pending client complaints to financial liens from the IRS. Korsch, who worked in Sarasota, spent nearly seven years with Centaurus Financial, which was a prominent seller of the GWG L Bonds, according to industry attorneys and executives. 

The complaint names Centaurus Financial and Marc Korsch, alleging that the firm negligently approved GWG L Bonds for sale to clients, including several conservative and elderly investors. FINRA’s complaint additionally alleges that the GWG L Bonds were improperly marketed as a conservative investment featuring a guaranteed monthly payment.  

Eccleston Law LLC represents investors in GWG L Bond cases as well as financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston law, finra, gwg bond

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