Talk of The Villages Florida - View Single Post - Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
Thread: Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
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Old 04-15-2023, 05:42 PM
MDFlyer MDFlyer is offline
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Quote:
Originally Posted by Plinker View Post
If an advisor placed me in a high risk product after I specifically stated I was only comfortable with low risk investments, I would have immediately fired him/her. If that investment was declared a Ponzi scheme and money was lost, I would hire an attorney and depose the individual and ask all these questions. I would consider it money well spent and potentially recoverable. A formal complaint with the SEC is a must do.
I have no doubt there are honest fiduciary advisors, plumbers, electricians, etc. that put their clients’ best interests first. Unfortunately, there are always a few turds in the punch bowl. Unknowingly hiring a self-serving salesman, regardless of what product they are selling, appears to be a recurrent theme in The Villages. There are a lot of good-hearted, trusting, elderly people here that are just looking for an honest individual to help them with their needs.
I filed today...........

SEC Investor Complaint Form