Can I recover losses from investments with former Coastal Investment Advisors broker Thomas Shultz (CRD# 5614228) regarding GWG Holdings Inc. losses? He has been registered with Titan Securities in Scottsdale, Arizona since 2021. Previously, he was registered with Coastal Investment Advisors in Scottsdale, Arizona from 2018 to 2021 and with Investment Advisors in Scottsdale, Arizona from 2014 to 2017.
Thomas Shultz Customer Complaints
He has been the subject of two customer complaints between 2012 and 2022, according to his CRD report. The most recent complaint was regarding:
May 2022. “Claimant alleges the RR made unsuitable recommendations and failed to perform adequate due diligence on GWG.” The case is currently pending. The complaint was regarding direct investments and it took place while he was registered with Coastal Investment Advisors.
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, Coastal Investment Advisors may be liable for investment or other losses suffered by Thomas Shultz’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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