Erez Law is currently investigating Westpark Capital, Inc. broker Linda Wimsatt (CRD# 1401802) regarding GWG Holdings Inc. and its L Bonds losses. She has been registered with American Trust Investment Services, Inc. in Carlsbad, California, since 2020. Previously, she was registered with Westpark Capital, Inc. in Carlsbad, California, from September to October 2020. Prior to then, she was registered with Westpark Capital, Inc. in Carlsbad, California, from 2017 to 2020, and with Delta Investment Management, LLC in Carlsbad, California, from 2018 to 2019.
Linda Wimsatt Customer Complaints
She has been the subject of four customer complaints between 2010 and 2023, according to her CRD report. The most recent complaints are regarding:
January 2023. “Wimsatt, recommended that [REDACTED] invest in a high-risk, high-commission, unsuitable and illiquid alternative investment, namely GWG.” The customer is seeking $25,000 in damages, and the case is currently pending. The complaint took place while she was registered with Westpark Capital, Inc.
October 2022. “Complaint alleges Wimsatt misrepresented GWG L Bonds/unsuitable.” The customer is seeking $100,001 in damages, and the case is currently pending. The complaint took place while she was registered with Westpark Capital, Inc.
October 2022. “The arbitration alleges that GWG L Bonds were misrepresented to the client and not suitable for the clients investment objectives.” The case is currently pending. The complaint took place while she was registered with Westpark Capital, 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, Westpark Capital, Inc. may be liable for investment or other losses suffered by Linda Wimsatt’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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