David Wilke: $300K GWG Complaint Against Capital Investment Advisor

Sandy Springs, Georgia financial advisor David Wilke (CRD# 2258159) allegedly breached his fiduciary duty in connection with a GWG L bond investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker with Capital Investment Group and an advisor with Capital Investment Advisory Services.

Mr. Wilke’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of Capital Investment Group, he breached his fiduciary duty, breached contract, acted negligently, and committed fraud in connection with sales of GWG L bonds. (For reference, GWG L bonds were issued by GWG Holdings, which filed for bankruptcy in 2022 while under SEC investigation.) The pending complaint alleges damages of $300,000.

As described in a biographical statement on his website, Mr. Wilke is affiliated with Capital Investment Companies and Tarkenton Financial. “He is entering his thirtieth year in the financial services industry,” the profile states. “David believes in providing individuals and families with strategies to create a more fulfilling and secure retirement.” The website states additionally that the firm offers financial planning, investment advice, retirement planning, life and disability insurance, and estate planning. “We use established financial strategies tailored to meet your risk tolerance to stand up against market volatility,” according to the page. “You can count on unbiased recommendations and impartial guidance based directly on your needs and goals.”

According to the Financial Industry Regulatory Authority, David Wilke holds 31 years of securities industry experience. Based in Sandy Springs, Utah, he has been a broker with Capital Investment Group and an advisor with Capital Investment Advisory Services since 2018. His registration history includes Principal Securities (Atlanta, Georgia; 2005-2018), Investment Advisors (Atlanta, Georgia; 2003-2005), ProEquities (Birmingham, Alabama; 1997-2005), ManEquity (Boston, Massachusetts; 1996-1997), and MetLife Securities (Springfield, Massachusetts; 1992-1996). His credentials include the passage of seven 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 Corporate Securities Limited Representative Examination, or Series 62; 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 is licensed in California, Florida, Georgia, North Carolina, and Virginia. (Information current as of October 22, 2023.)

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