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Alan Mason: $5 Million GWG Complaint Against Ex-WestPark Advisor
A recent investor complaint against former WestPark Capital financial advisor Alan Mason (CRD# 1302190) alleges damages of $5 million in connection with an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is currently a broker with Bradley Woods & Company in New York City.
Mr. Mason’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2022, alleges that as a representative of WestPark Capital, he breached his fiduciary duty and recommended an unsuitable investment in GWG L bonds, whose issuer later filed for Chapter 11 bankruptcy. The pending complaint alleges damages of $5 million.
An earlier investor complaint, filed in June 2022, alleged that as a WestPark Capital representative, he made an improper and unsuitable recommendation and failed to perform due diligence. In March 2023 the complaint reached a settlement of $33,200.
A third investor complaint, filed in 2009, alleged that as a representative of Gunnallen Financial, he made unauthorized and unsuitable mutual fund transactions. The complaint reached a settlement of $25,000.
A fourth investor complaint, filed in 2002, alleged that he recommended unsuitable and speculative securities while at Gruntal & Company. The complaint reached a settlement of $30,000.
A fourth investor complaint, filed in 2000, alleged unauthorized transactions while he was a representative of First Union Securities. The complaint reached a settlement of $50,000.
According to the Financial Industry Regulatory Authority, Alan Mason holds 36 years of securities industry experience. Based in New York, New York, he has been a broker with Bradley Woods & Company since March 2023. His past registrations include WestPark Capital (2018-2023), Wilmington Capital Securities (2015-2016), Forefront Capital Markets (2012-2015), JH Darbie & Company (2010-2012), Gunnallen Financial (2004-2010), First Union Securities, First Union Capital Markets, Janney Montgomery Scott, Painewebber, Prudential Securities, Shearson Lehman Hutton, and Dean Witter Reynolds. His credentials include the passage of ten securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Connecticut, Delaware, Maryland, and New York. (Information current as of May 30, 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.