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Craig McDaniels Allegedly Facilitated Unsuitable GWG Holdings Investment

Dec 30, 2022 General

Craig McDaniels (CRD #: 1087979), a broker registered with Capital Investment Group, is involved in a pending dispute, according to his BrokerCheck record, accessed on December 22, 2022. Investors may have also engaged his services through Capital Investment Advisory Services. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On November 9, 2022, an investor alleged Craig McDaniels facilitated an unsuitable investment in GWG Holdings. The client seeks $270,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describes the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investment will be held)
  • Investing experience
  • Tax status

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Craig McDaniels has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Craig McDaniels is a registered broker in 33 states and a registered investment adviser in South Carolina.

He has also worked for the following firms:

  • CIC Advisers (CRD#:130735)
  • W.C. Smith & Company (CRD#:36865)
  • Royal Alliance Associates (CRD#:23131)
  • ManEquity (CRD#:5249)
  • Integrated Resources Equity Corporation (CRD#:6403)

Kurta Law Can Help

If you worked with Craig McDaniels and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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. 

 

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