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L Bond Loss Recovery Law Firm
Retired Washington Couple Sues Arete Wealth Management Over GWG L Bonds
Claimants Worked With A Center Street Securities Broker Prior to That Firm’s Acquisition By Arete
Two senior investors are seeking up to $500K in damages from brokerage firm Arete Wealth Management over losses they sustained in GWG L Bonds. They contend that their former broker James Joseph Toddy allegedly unsuitably recommended GWG Holdings to them while providing no meaningful disclosure of the many risks involved. This is considered making misrepresentations and omissions. Now, the Washington State couple is seeking up to $500K in damages from Arete.