Bill Hurckes: $150K GWG Complaint Against Clarity Group Advisor

East Peoria, Illinois financial advisor Bill Hurckes (CRD# 2612833) recently received an investor complaint alleging that he committed fraud and violated securities laws in connection with the sale of GWG L bonds. Financial Industry Regulatory Authority records show that the Ausdal Financial Partners broker and investment advisor is also the owner of Clarity Group Midwest.

Mr. Hurckes’ BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Ausdal Financial Partners, he violated state and federal securities laws, violated the Illinois Consumer Fraud and Deceptive Business Practices Act, committed fraud, breached contract, acted negligently, and breached his fiduciary duty in connection with investments in GWG L bonds. The pending complaint alleges damages of $150,000.

Clarity Group Midwest’s website includes a profile of Mr. Hurckes that describes him as the firm’s founder. “Bill takes great pride in getting to know his clients and learning what is truly important to them,” it states. “Before he and his clients discuss recommendations, Bill implements a thorough Q & A to obtain the necessary information so he can thoroughly understand his client’s mindset and their primary objectives. Bill and his team at Clarity Group Midwest are continually investing time, money, and energy in the firm to enhance the services and technology available to their clients.”

According to the Financial Industry Regulatory Authority, Bill Hurckes holds 28 years of securities industry experience. Based in East Peoria, Illinois, he has been registered as a broker and an investment advisor with Ausdal Financial Partners since 2015. He is the owner of Clarity Group Midwest, which offers securities and advisory services through Ausdal. His registration history includes Cambridge Investment Research, Intervest International Equities Corporation, Richard B. Vance & Company, Sentra Securities Corporation, United Pacific Securities, Birchtree Financial Services, and Aegon USA Securities. 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 Investment Adviser Law Examination, or Series 65. He holds 26 state licenses. (Information current as of April 6, 2024.)

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