Chad Bridgers Subject of a GWG L Bond Dispute

Chad Bridgers (CRD #: 2475641), a broker registered with Cabot Lodge Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 12, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 8, 2024, an investor alleged that Chad Bridgers breached his fiduciary duty. The investor further alleged that he violated Regulation Best Interest and various other FINRA rules regarding his recommendations of GWG L Bonds. GWG Holdings has since filed for bankruptcy. 

The investor is seeking $400,000.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Chad Bridgers has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker and investment adviser in Arkansas. He is also a registered broker in Arkansas, Georgia, Illinois, and Missouri. 

During his 30 years of experience, Chad Bridgers has registered with six firms:

• Cabot Lodge Securities (CRD #: 159712) 
• CL Wealth Management (CRD #: 134922) 
• Wilbanks Securities Advisory (CRD #: 118304) 
• Wilbanks Securities (CRD #: 40673) 
• A.G. Edwards & Sons (CRD #: 4) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you worked with Chad Bridgers and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.