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Justin Singletary Named in Arbitration Involving GWG L Bonds

Nov 15, 2022 Unsuitable Investments

Justin Singletary (CRD #: 6325695), a broker formerly registered with Westpark Capital, is involved in a pending arbitration, according to his BrokerCheck record, accessed on November 5, 2022. If you have questions about his conduct as a broker, read on.

Pending Arbitration

On September 13, 2022, an investor alleged that Justin Singletar misrepresented GWG L Bonds and that these bonds were unsuitable for the client’s investment objectives. This arbitration is pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, or otherwise fraudulent means of influencing investors’ decisions. This includes the misrepresentation of material facts related to an investment.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information contained in an investor’s profile, such as their risk tolerance, tax status, and age.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Justin Singletary has passed the following exams:

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

He previously worked for Westpark Capital (CRD#:39914) and Transamerica Financial Advisors (CRD#:16164).

Kurta Law Can Help

If you worked with Justin Singletary and you have concerns about your investments, please contact us today at 877-600-0098 or 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.