Seth Nannini Subject of a GWG Holdings Investment Dispute

Seth Nannini (CRD #: 4406510), a broker registered with Capital Investment Group, is the subject of a GWG investment dispute. This is according to his BrokerCheck record, accessed on September 19, 2023. Details are provided below. 

On July 25, 2023, an investor alleged that Seth Nannini violated his fiduciary duty with two purchases of GWG Holdings. They further alleged violations of the North Carolina Securities Act, breach of contract, and negligence. GWG Holdings filed for bankruptcy in 2022 and L bondholders have suffered significant losses.

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.) 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information 

Seth Nannini has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in eight states. 

Seth Nannini has registered with the following firms: 

• Capital Investment Group (CRD #: 14752) 
• MML Investors Services (CRD #: 10409) 
• Equity Services (CRD #: 265) 
• VeraVest Investments (CRD #: 3960) 
• Morgan Stanley (CRD #: 7556) 

Kurta Law Can Help

If you worked with Seth Nannini 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.