Merriam Rink: GWG L Bond Complaint Against Ausdal Advisor

A recent investor complaint against Bettendorf, Iowa financial advisor Merriam Rink (CRD# 1380705) alleges that she engaged in various forms of misconduct relating to GWG L bond recommendations, resulting in losses. Financial Industry Regulatory Authority records show that she is currently a broker and an investment advisor with Ausdal Financial Partners.

Mr. Rink’s BrokerCheck report discloses one investor complaint. Filed in April 2023, it alleges that as a representative of Ausdal Financial Partners, he she violated securities laws, breached her fiduciary duty, and recommended unsuitable investments in GWG L bonds. More information about GWG Holdings, which reportedly raised $1.6 billion from investors in its L bonds, filed for Chapter 11 bankruptcy, and is under investigation by the SEC, is available via this resource.) The pending complaint alleges damages of $65,000.

According to the Financial Industry Regulatory Authority, Merriam Rink holds 37 years of securities industry experience. Based in Bettendorf, Iowa, she has been a broker and an investment advisor with Ausdal Financial Partners since 2012. Her registration history includes Woodbury Financial Services (Davenport, Iowa; 2003-2012), The O.N. Equity Sales Company (Cincinnati, Ohio; 1995-2003), and American Express Financial Advisors (Minneapolis, Minnesota; 1985-1995). Her credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in Arizona, California, Colorado, Florida, Illinois, Iowa, Kansas, Michigan, Minnesota, Missouri, New York, South Dakota, Texas, and Vermont. (Information current as of May 20, 2023.)

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