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Gary Madrid is the Subject of a GWG L Bond Dispute

Gary Madrid (CRD #: 1934700), a broker registered with Westpark Capital, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 3, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 13, 2025, an investor alleged that Gary Madrid recommended his investor purchase GWG L bonds, in violation of a breach of fiduciary duty. The investor further alleged negligence and violations of Regulation Best Interest.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.)

Background Information

Gary Madrid has passed the following exams:

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

He is a registered broker in 20 states.

Gary Madrid has registered with the following firms:

  • Westpark Capital (CRD #: 39914)
  • Newport Coast Securities (CRD #: 16944)
  • Gunnallen Financial (CRD #17609)
  • Brookstreet Securities Corporation (CRD #: 14667)
  • Toluca Pacific Securities (CRD #: 13875)
  • Whitehall Investment Securities (CRD #: 21312)
  • The Stuart-James Company (CRD #: 11691)

Kurta Law Can Help

If you worked with Gary Madrid 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 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. 

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