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Investors Allege Linda Wimsatt Misrepresented GWG L Bonds 

Nov 9, 2022 Misrepresentation

Linda Wimsatt (CRD #: 1401802), a broker registered with American Trust Investment Services, is involved in two investor disputes, according to her BrokerCheck record, accessed on October 30, 2022. Investors may have also engaged her services through Chicago Capital Management Advisors. Read on if you have questions about her conduct as a broker.

Investor Disputes

On October 4, 2022, an investor alleged that Linda Wimsatt misrepresented unsuitable GWG L Bonds. The client seeks $100,001 in this pending dispute.

On the same date, another investor filed a dispute alleging that Linda Wimsatt misrepresented GWG L Bonds that were unsuitable for the client’s investment objectives. This dispute is also pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information described in an investor’s profile, such as their age, tax status, and risk tolerance.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Linda Wimsatt 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
  • Series 24 – General Securities Principal Examination

Linda Wimsatt is a registered broker in Arizona, California, Florida, Georgia, and Tennessee. She is also a registered investment adviser in California.

She has also worked for the following firms:

  • WestPark Capital (CRD#:39914
  • Delta Investment Management (CRD#:149596)
  • VFG Advisors (CRD#:150370)
  • VFG Securities (CRD#:15121)
  • SagePoint Financial (CRD#:133763)
  • SunAmerica Securities (CRD#:20068)
  • Griffin Financial Services (CRD#:10823)
  • Great Western Financial Securities Corporation (CRD#:14229)
  • Griffin Financial Services (CRD#:10823)
  • American Express Financial Advisors (CRD#:6363)
  • IDS Life Insurance Company (CRD#:6321)
  • Financial Network Investment Corporation (CRD#:13572)
  • American Pacific Securities Corporation (CRD#:5003)
  • S. D. Cohn & Company (CRD#:735)

Kurta Law Can Help

If you worked with Linda Wimsatt 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.