Morgan Hill GWG L Bond Investor Alert
Summary
National Investment Fraud Lawyers KlaymanToskes Investigates Tennessee Broker Morgan Hill for GWG L Bond Sales National investment fraud lawyers KlaymanToskes is investigating on behalf of former and current customers of Morgan Hill in light of the Knoxville-based broker selling unsuitable GWG L Bonds. Regulation BI’s Best Interest Obligation requires brokerage like Center Street Securities and its associated persons like Morgan Hill when making a recommendation of any securities transaction to a retail customer, to act in the best interest of that retail customer at the time the recommendation is made. The Care Obligation in Regulation BI also requires a broker, dealer, or associated person to exercise reasonable diligence, care, and skill to have a reasonable basis to believe that their recommendation is in the best interest of the particular retail customer, based on that customer’s investment profile and the potential risks, rewards, and costs associated with the recommendation. According to FINRA BrokerCheck, Morgan Hill is registered as a broker with Center Street Securities and Arete Wealth Management. Former and current customers of Morgan Hill who purchased GWG L Bonds, and those with information relating to the handling of their accounts, are encouraged to contact Lawrence L. Klayman, Esq.