Ed Kasperavich: $300K GWG L Bond Complaint Against Stonecrest Advisor

Ridgewood, New Jersey financial advisor Ed Kasperavich (CRD# 4970038) allegedly provided poor advice concerning an investment in GWG L bonds, according to a recent investor complaint. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker with Stonecrest Capital Markets and an investment advisor with Stonecrest Advisors.

Mr. Kasperavich’s BrokerCheck report discloses one recent investor complaint. Filed in October 2022, it alleges that he provided poor recommendations and poor advice relating to investments in GWG L bonds between 2019 and 2022. More information about GWG Holdings, which reportedly raised $1.6 billion in funds from investors before filing for bankruptcy and being investigated by the Securities and Exchange Commission, is available here. The pending complaint alleges damages of $300,000.

According to the Financial Industry Regulatory Authority, Ed Kasperavich holds 17 years of securities industry experience. Based in Ridgewood, New Jersey, he has been a broker with Stonecrest Capital Markets and an investment advisor with Stonecrest Advisors since 2016. His past registrations include Royal Alliance Associates (Paramus, New Jersey; 2006-2016), Investment Advisors Asset Management (Paramus, New Jersey; 2006-2016), and Investment Advisors & Consultants (Paramus, New Jersey; 2005-2006). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Connecticut, Delaware, the District of Columbia, Florida, Louisiana, Maine, Nevada, New Jersey, New York, Oklahoma, and Pennsylvania. (Information current as of February 13, 2023.)

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