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COMPLAINTS Against Advisor Robert Bragg and Losses in GWG L Bonds
Colorado Springs Financial Advisor Robert Bragg and Losses in GWG L Bonds
MONUMENT, COLORADO
Have you lost money investing in GWG L Bonds based on a recommendation by financial advisor Robert Bragg with Newbridge Securities Corp? Our securities arbitration law firm is aware that Robert C. Bragg, who works in a Monument, Colorado office, recommended GWG L bonds to at least one of his investors.
GWG Holdings filed for bankruptcy in April 2022. GWG invested in the secondary market for life insurance policies. In short, GWG planned to buy life insurance policies from policy holders, at a discount, with an expectation of profit once the insured died. However, these investments carried substantial risk. When GWG filed for bankruptcy, most, if not all of investors’ interests, were wiped out, including for GWG L bond investors.
Robert Bragg has been in the securities industry since 2004. He has worked for Newbridge Securities Corp. from June 2016 to the present in a Monument, Colorado office. He also previously worked for VSR Financial in Colorado Springs. Bragg has had three customer complaints expunged, and another customer complaint that was not expunged.
GWG L Bonds were very risky. Advisors like Robert Bragg who recommended these products had an obligation to make sure GWG was suitable for investors. If the GWG investment was unsuitable, Bragg and/or his brokerage firm can be responsible for investor losses.
Israels & Neuman represents investors throughout Colorado, and we have an office in Denver. Attorney Aaron Israels is also licensed to practice law in Colorado. We already represent other GWG L bond investors from Colorado and have filed other claims against Newbridge Securities Corp.
View BrokerCheck Report: Bragg, r BrokerCheck 6.1.22