KAREN GEIGER of Cape Securities SUSPENDED for GWG L Bond Sales

Karen Geiger with Cape Securities is Suspended from the Securities Industry for Sales of GWG Renewable Secured Debentures (GWG L Bonds) AKRON, OHIO

Have you invested in GWG investment products, including the GWG L Bonds, through Karen Geiger in Akron, Ohio? The Law Firm of Israels & Neuman may be able to help you recover investment losses in GWG.

In 2013, Karen Geiger was suspended by FINRA for one month and fined $15,000 (which included $2,000 in disgorgement of commissions) for selling GWG renewable secured debentures. FINRA alleged that the GWG debentures were illiquid and risky and not suitable for a couple with a moderate risk tolerance.

GWG has recently been in the news after it filed for bankruptcy in April 2022. Many investors who held GWG products, including GWG L bonds, suffered significant losses, as the bankruptcy will likely wipe out most, if not all of the value, of the GWG L bonds. Document files with the GWG bankruptcy indicate that several clients of Karen Geiger have filed proof of claim forms.

However, since investors are likely to get little or no money back from the GWG bankruptcy, investors should consider other options like recovering their losses through FINRA arbitration. When financial advisors recommend products like GWG, they have an obligation to ensure that the investments are suitable for the customer. Moreover, the advisor must refrain from making material misrepresentations or omissions about the GWG products.

Karen Geiger has been affiliated with Cape Securities from June 2017 to the present. She has also been affiliated with Wall Street Strategies from October 2013 to June 2017. Geiger also operated GKG Resources and G&K Resources in Akron, Ohio.

Israels & Neuman represents investors in FINRA arbitration throughout the U.S., including investors in Ohio. While we have offices in Denver and Seattle, we can represent investors in arbitration in Ohio. We also currently have a case pending involving GWG L bonds.

View BrokerCheck Report: Geiger, k BrokerCheck 6.7.22

View FINRA AWC: Geiger, k FINRA AWC

If you lost money with Karen Geiger, Cape Securities, or GWG bonds, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.