Steven Standley: $190K GWG Complaint Against DH Hill Advisor

A recent investor complaint against DH Hill Securities financial advisory Steven Standley (CRD# 4282051) alleges fraud connected to a GWG L bond investment. Public records filed with a US bankruptcy court in Texas show that at least one current or former client of Mr. Standley is listed as a creditor for an approximately $85,000 investment in GWG Holdings. Financial Industry Regulatory Authority records indicate that he is based in Brentwood, Tennessee and does business as Standley Financial Group.

Mr. Standley’s BrokerCheck report discloses one investor complaint. Filed in July 2022, it alleges that as a representative of DH Hill Securities, he recommended an unsuitable investment in GWG L bonds, failed to conduct reasonable due diligence, violated securities laws, breached contract, committed fraud, engaged in negligence, and breached his fiduciary duty. The pending complaint alleges damages of $190,000.

According to the Financial Industry Regulatory Authority, Steven Standley holds 22 years of securities industry experience. Based in Brentwood, Tennessee, he has been a broker and an investment advisor with DH Hill Securities and DH Hill Advisors, respectively, since 2007. He does business as Standley Financial Group. His past registrations include OneAmerica Securities (Franklin, Tennessee; 2001-2007), American United Life Insurance Company (Indianapolis, Indiana; 2001), and Legacy Financial Services (Petaluma, California; 2000-2001). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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 Combined State Law Examination, or Series 66. He is licensed in Connecticut, New York, Tennessee, and Virginia. (Information current as of June 13, 2023.)

Carlson Law has represented at least nine investors in claims against their financial advisors for investments in GWG Holdings Inc. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.