Former American Equity Investment Corporation broker Kenneth Baize (CRD# 5713738) is accused of investment losses related to GWG Holdings Inc. He has been registered with LPL Financial LLC in Louisville, Kentucky, since 2019. Previously, he was registered with American Capital Management, Inc. in Louisville, Kentucky, from 2018 to 2019, and with American Equity Investment Corporation in New Albany, Indiana, from 2018 to 2019.
Kenneth Baize Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2023. “On July 17, 2018 client purchased a $500,000 7 year bond with GWG Holdings. GWG Holdings defaulted on interest payments in February 2022 and filed for Chapter 11 bankruptcy reorganization in April of 2022. GWG has a court approved Joint Chapter 11 Plan which is being sent to bond investors for approval in May, 2023.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint took place while he was registered American Equity Investment Corporation, and it was regarding corporate debt.
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, American Equity Investment Corporation may be liable for investment or other losses suffered by Kenneth Baize’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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