Were you the victim of Center Street Securities, Inc. broker Morgan Hill (CRD# 4428819), who is accused of GWG Holdings Inc. L Bond losses? He has been registered with Arete Wealth Management, LLC in Knoxville, Tennessee, since 2022 and with Center Street Securities, Inc., in Woodstock, Georgia, since 2014. Previously, he was registered with Brookstone Capital Management LLC in Knoxville, Tennessee, from 2009 to 2019.
Morgan Hill Customer Complaints
He has been the subject of four customer complaints in 2022, according to his CRD report:
November 2022. “Client alleges registered representative recommended an unsuitable investment.” The customer is seeking $67,000 in damages, and the case is currently pending. The complaint was regarding GWG Holdings Inc. L Bonds losses.
September 2022. “Client alleges the registered representative for unsuitable investment sold to the clients.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding alternative investment losses.
September 2022. “Client alleges registered representative recommended unsuitable investments.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding alternative investment losses.
June 2022. “Misrepresentation of recommended product and unsuitable investment.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding GWG Holdings Inc. L Bonds losses.
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, Center Street Securities, Inc may be liable for investment or other losses suffered by Morgan Hill’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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