Investment Fraud Law Firm Investigates Cheryl Kitashima with Centaurus Financial and Kitashima Wealth Advisors and Sales of Unsuitable Investments in GWG L Bonds
BELLEVUE, WASHINGTON
The Law Firm of Israels & Neuman is reviewing documents and proofs of claims filed with the GWG Holdings bankruptcy. Based on numerous documents filed with the GWG bankruptcy court, several GWG investors purchased these investments through Kitashima Wealth Advisors in Bellevue, Washington.
GWG filed for bankruptcy in April 2022. Because of the bankruptcy, investors, including those who invested in the GWG L bonds, are likely to lose significant amounts of money. Moreover, investors are likely to get little or no money back from the bankruptcy. Investors may need to consider other options to recover losses in GWG L bonds.
Pursuant to FINRA rules, financial advisors like Cheryl Kitashima and Kitashima Wealth Advisors have an obligation to make suitable investment recommendations to their customers. The advisors also are required to perform due diligence on products like GWG so that the advisor can adequately explain the risks and characteristics of these products to the customer. A failure to abide by the securities rules and regulations could render the advisor and his/her brokerage firm responsible for the customer’s financial losses.
Cheryl Kitashima has had her securities licensed through Centaurus Financial from 2005 to the present. She also operates Kitashima Wealth Advisors in Bellevue, Washington. Cheryl Kitashima has been the subject of five prior customer complaints.
Attorney David Neuman has an office in downtown Seattle, but we represent investors throughout the greater Seattle area, King County, Bellevue, and the rest of the Eastside suburbs.
View BrokerCheck Report: Kitashima, c BrokerCheck 6.9.22
If you lost money with Cheryl Kitashima, Centaurus Financial, Kitashima Wealth Advisors 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.