Bruce Napier: $435K L Bond Complaint Against Indianapolis Advisor

Ausdal Financial Partners advisor Bruce Napier (CRD# 4555202) recently received an investor complaint regarding an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered in Indianapolis and Greenwood, Indiana.

Mr. Napier’s BrokerCheck report discloses one investor complaint. Filed in August 2022, it alleges that as a representative of Ausdal Financial Partners, he breached his fiduciary duty and engaged in supervisory failures relating to an investment in GWG L bonds. (More information about L bonds issued by GWG Holdings, which has since filed for bankruptcy and come under investigation by the SEC, is available here.) The pending complaint alleges damages of $435,000.

According to the Financial Industry Regulatory Authority, Bruce Napier holds 19 years of securities industry experience. Based in Indianapolis and Greenwood, Indiana, He has been a broker and an investment advisor with Ausdal Financial Partners since 2013. His past registrations include IMBB Investment Advisors (2012-2013), Indiana Merchant Banking and Brokerage Company (2012-2013), PNC Investments (2009-2012), NatCity Investments (2003-2009), American Express Financial Advisors (2002) and IDS Life Insurance Company (2002). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Florida, Georgia, Indiana, Maryland, Michigan, Nevada, and South Carolina. (Information current as of September 20, 2022.)

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