Curtis Sathre III: Did JRP Capital Advisor Sell GWG Stock?

At least one current or former customer of JRL Capital advisor Curtis Sathre III (CRD# 2459115) is listed as creditor for an investment in GWG Holdings preferred stock, according to public records filed with a US bankruptcy court. These records describe an investment of $100,583. Financial Industry Regulatory Authority records show that the Irvine, California advisor is also a broker with Great Point Capital.

Investments in GWG Holdings may have been unsuitable for inexperience investors and/or those with low tolerances for risk. More information about these products is available via our investor resource.

Mr. Sathre’s BrokerCheck report discloses two investor complaints that reached settlements. The most recent, filed in 2010, alleged that as a representative of WFP Securities, he recommended unsuitable investments in direct participation programs. The complaint reached a settlement of $30,010.

A second investor complaint, filed in 2009, alleged that he made unsuitable investment recommendations, acted negligently, breached contract, committed fraud, made negligent misrepresentations, and breached his fiduciary duty. In 2011 the complaint reached a settlement of $500,000.

According to the Financial Industry Regulatory Authority, Curtis Sathre III holds 29 years of securities industry experience. Based in Irvine, California, he has been a broker with Great Point Capital since 2023 and an investment advisor with JRL Capital Advisors since 2011. His past registrations include Western Financial Advisors (Irvine, California; 2000-2011) and WFP Securities (Irvine, California; 1994-2011). His credentials include the passage of eight securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; 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 Limited Representative-Private Securities Offerings, or Series 82TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, and Oregon. (Information current as of June 25, 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.