Raymond Lent, with Portsmouth Financial Services, Subject of GWG Complaints

SAN RAFAEL, CALIFORNIA

Did you purchase GWG L bonds from advisor Raymond Lent from San Rafael, California? Our securities arbitration law firm is looking into allegations made against Raymond Lent, who has been affiliated with Portsmouth Financial Services since 2010.

Portsmouth Financial Services has been named in four customer complaints related to Raymond Lent since February 2023.  Each of the customers complained about unsuitable investments in GWG L Bonds.  When GWG Holdings bankruptcy filed for bankruptcy in April 2022, investors will likely have suffered significant losses in their GWG investments.  Unsuitable recommendations to invest in GWG L bonds to customers could lead to liability for Portsmouth Financial Services and Lent for any investor losses.

Raymond Lent has worked in a Portsmouth Financial Services office in San Rafael, California.  He had been with numerous other brokerage firms since 1976.  He was also the subject of an SEC action in 2019, alleging that he caused his clients to incur unnecessary charges related to mutual funds.  Lent also runs the Putney Financial Group in San Rafael.

Israels & Neuman is currently representing multiple investors who lost money in GWG L bonds.  Our investment fraud law firm represents investors throughout the country, including investors in California.

View Lent, r BrokerCheck 4.25.23

View Lent, r SEC Order

If you lost money with Raymond Lent, Portsmouth Financial Services, or GWG, please Contact Us at 206-795-5798 for a free evaluation of your case.