Were you the victim of GWG Holdings Inc. losses with American Equity Investment Corporation broker Shane Elsbury (CRD# 5661717)? He has been registered with American Equity Investment Corporation in New Albany, Indiana, since 2009.
Shane Elsbury Customer Complaints
He has been the subject of two customer complaints in 2022, according to his CRD report:
November 2022. “Claimant purchased a $150,000, 7-year bond with GWG Holdings, Inc. in January of 2017. In April 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy reorganization, which is still pending. Claimant alleges the bond was unsuitable and the respondent did not sufficiently convey the risks involved.” The customer is seeking $150,000 in damages, and the case is currently pending.
August 2022. “Claimant purchased a $25,000, 7-year bond with GWG Holdings, Inc. in February of 2019. In April 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy reorganization, which is still pending. Claimant alleges the bond was unsuitable and the respondent did not sufficiently convey the risks involved.” The customer sought $25,000 in damages, and the case was settled for $9,000.
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 Shane Elsbury’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.
"*" indicates required fields
