In October 2024, a former client of Intervest International Equities Corporation won an award in a FINRA arbitration for compensatory damages for $91,800, 2,540.77 in costs, and $28,061.00 in attorneys’ fees related to the sale of GWG Holdings Inc. L bonds. The investors were clients of broker John Schlagheck (CRD# 1040673).
The causes of action included violations of federal securities laws; breach of contract; common law fraud; breach of fiduciary duty; and negligence and gross negligence, Colorado Uniform Securities Act and violation of Colorado Consumer Protection Act. In addition, Huerta asserted the following causes of action: violation of New York Consumer Protection Act – N.Y. Gen. Bus. Law § 349; violation of Washington Securities Act; and violation of Washington’s Consumer Protection Act. In addition, Lacombe asserted the following causes of action: violation of the Securities Act of Texas and violation of the Texas deceptive trade practices – Consumer Protection Act. In addition, Simon asseted the following causes of action: violations of Michigan Uniform Securities Act and violation of Michigan Consumer Protection Act. The causes of action relate to investments in GWG Holdings, Inc. L Bonds, Redeemable Preferred Stock, GWG L Bonds, and GK Investments Holdings II, LLC. The FINRA arbitration hearing was conducted in Denver, Colorado.
He was registered with Cape Securities Inc. in Mcdonough, Georgia, from 2022 to 2023, Intervest International Equities Corporation in Ottawa Lake, Michigan, from 2017 to 2022, and Southeast Investments, N.C., Inc. in Charlotte, North Carolina, from 2007 to 2017.
John Schlagheck Customer Complaints
He has been the subject of seven customer complaints between 2022 and 2024, according to his CRD report:
April 2024. “Claimant alleges violations of law, breach of fiduciary duties and negligence, breach of contract, failure to supervise, omissions, unsuitable investments and Breach of Securities rules and regulations.” The complaint was regarding $193,000 in damages, and the case was settled for $27,500. The complaint was regarding GWG Holdings Inc. L bonds, and the complaint took place while he was registered with Intervest International Equities Corporation.
March 2024. “Claimant alleges violations of law, breach of fiduciary duties and negligence, breach of contract, failure to supervise, omissions, unsuitable investments and Breach of Securities rules and regulations.” The customer sought $1,213,050 in damages, and the case was settled for $107,500. The complaint was regarding GWG Holdings Inc. L bonds, and the complaint took place while he was registered with Intervest International Equities Corporation.
March 2023. “Claimant [REDACTED] alleges violations of federal & State securities laws, breach of fiduciary duties and negligence, breach of contract, common law fraud, failure to supervise, misrepresentation and omissions, unsuitable investments and failure to act in the best interest of the client.” The customer is seeking $701,211.32 in damages, and the case is currently pending. The complaint was regarding GWG Holdings Inc. L bonds, and the complaint took place while he was registered with Intervest International Equities Corporation.
August 2022. “Claimant alleges violations of state and federal securities acts, breach of fiduciary duties and negligence, common law fraud and breach of contract.” The customer is seeking $565,000 in damages, and the case is currently pending. The complaint was regarding GWG Holdings Inc. L bonds, and the complaint took place while he was registered with Intervest International Equities Corporation.
August 2022. “Claimant alleges violations of state and federal securities acts, breach of fiduciary duties and negligence, common law fraud and breach of contract.” The customer sought $565,000 in damages, and the case was settled for $22,548.20.
June 2022. “John F. Schlagheck was named in a customer complaint that asserted the following causes of action: violations of federal securities laws; breach of contract; common law fraud; breach of fiduciary duty; and negligence and gross negligence; and violations of Michigan Uniform Securities Act and violation of Michigan Consumer Protection Act.” The customer is seeking $110,044.13 in damages, and the case is currently pending. The complaint was regarding corporate debt, and the complaint took place while he was registered with Intervest International Equities Corporation.
June 2022. “Client claims negligence, breach of fiduciary duty, breach of contract, violation of Michigan securities law, and unjust enrichment with the sale of GWG L-Bonds that were sold to the claimant in March of 2021.” The customer sought $100,000 in damages, and the case was settled for $15,000. The complaint was regarding GWG Holdings Inc. L bonds, and the complaint took place while he was registered with Intervest International Equities Corporation.
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, Intervest International Equities Corporation may be liable for investment or other losses suffered by John Schlagheck’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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