Rob Eades is the Subject of a GWG L-Bond Dispute

Rob Eades (CRD #: 2357818), a broker registered with Capital Investment Group, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 9, 2024. Keep reading if you have questions concerning his alleged conduct.  

Investor Allegations 

On July 18, 2024, an investor alleged that Rob Eades recommended unsuitable GWG L-Bonds. GWG Holdings has since filed for bankruptcy. The investor also alleges misrepresentation and a breach of fiduciary duty. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background 

Rob Eades 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 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered investment adviser and broker in South Carolina. He is a registered broker in Georgia, North Carolina, and Tennessee. 

During his 30 years of experience, Rob Eades has registered with seven firms. These are the four most recent: 

• Capital Investment Group (CRD #: 14752) 
• Capital Investment Advisory Services (CRD #: 149124) 
• CIC Advisors (CRD #: 130735) 
• Raymond James Financial Services (CRD #: 6694) 

Kurta Law Can Help 

If you worked with Rob Eades and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.