Kenneth Baize Named in Dispute Involving GWG Holdings Bond

Kenneth Baize (CRD #: 5713738), a broker registered with LPL Financial, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on June 26, 2023. Investors may have also worked with him through Wealthline Financial Advisors. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On April 13, 2023, an investor named Kenneth Baize in allegations involving a $500,000 7-year bond purchased from GWG Holdings on July 17, 2018. The dispute also notes that GWG Holdings defaulted on interest payments in February 2022 and filed for bankruptcy in April 2022.

The client seeks $500,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their tax status, age, and overall financial situation.

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

Background Information

Kenneth Baize has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Kenneth Baize is a registered broker in Florida, Indiana, Kentucky, and Massachusetts. He is also a registered investment adviser in Kentucky.

He has also worked for the following firms:

• American Capital Management (CRD#:122452)
• American Equity Investment Corporation (CRD#:40199)
• Waddell & Reed (CRD#:866)
• Allstate Financial Services (CRD#:18272)
• AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Kenneth Baize 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.