American Trust Investment Services, Inc. broker Kyle Chapman (CRD# 6303483) is accused of GWG Holdings Inc. L Bonds losses. He has been registered with American Trust Investment Services, Inc. in San Clemente, California, from 2020 to 2022. Previously, he was registered with the following brokerage firms:
- Westpark Capital, Inc. in Newport Beach, California, from 2018 to 2020
- Cetera Advisor Networks LLC in Seal Beach, California, from 2017 to 2018
- Larson Financial Securities, LLC in Orange, California, from 2016 to 2017
- Sagepoint Financial, Inc. in Newport Beach, California, from 2014 to 2015
Kyle Chapman Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2022. “Breach of Contract and Warranties, Promissory Estoppel; Violation of California Securities Statutes; Breach of Fiduciary Duty.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was related to the sale of GWG Holding Inc. L Bonds, which took place while he was registered with American Trust Investment Services, Inc.
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 Trust Investment Services, Inc. may be liable for investment or other losses suffered by Kyle Chapman’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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