Erez Law is currently investigating Madison Avenue Securities, LLC broker Daniel Werts (CRD# 6610699) regarding GWG Holdings Inc. L Bonds investment losses. He has been registered with Madison Avenue Securities, LLC in Lakewood, Colorado, since 2021, and with AE Wealth Management, LLC in Denver, Colorado, since 2021. Previously, he was registered with Cl Wealth Management LLC in Denver, Colorado, from 2016 to 2021, and Cabot Lodge Securities LLC in Denver, Colorado, from 2016 to 2021.
Daniel Werts Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2023. “In regard to investments in GWG L Bonds, the clients allege breach of fiduciary duty, violations of Regulation Best Interest, violations of FINRA rules 2010,2020,2111.05(a), 3110, breach of contract and vicarious liability.” The customer is seeking $1,157,000 in damages, and the case is currently pending. The complaint was regarding private placement investment losses, and it took place while he was registered with Cabot Lodge Securities LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, FIRM may be liable for investment or other losses suffered by Daniel Werts’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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