Centaurus Advisor Dick Coppin: Client Purchased $150K GWG L Bond

At least one current or former customer of Centaurus Financial advisor Dick Coppin (CRD# 865875) is listed as creditor for a $150,000 GWG L bond investment, according to records filed with a US bankruptcy court. Financial Industry Regulatory Authority records show that Mr. Coppin is based in Twain Harte, California.

GWG Holdings is a Dallas-based financial services firm that reportedly raised more than $1 billion from investors, including retail investors, “GWG L bonds.” As news reports indicate, these products were entities that used investor funds to buy  life insurance policies on the secondary market, purportedly intending to repay investors when the policy holders passed away. The firm entered bankruptcy in 2022 after undergoing financial difficulties and receiving scrutiny from the SEC, with the regulator’s investigation leading to charges against broker-dealer firm Western International Securities. If your advisor unsuitably recommended investments in GWG L bonds or preferred stock, you may be able to seek damages. More information about these products is available here.

According to the Financial Industry Regulatory Authority, Dick Coppin holds 44 years of securities industry experience. Based in Twaine Harte, California, he has been a broker with Centaurus Financial since 2013. His past registrations include Centaurus Financial (Anaheim, California; 2013-2020), Girard Securities (Carmel, California; 2002-2012), Spelman & Company (Carmel, California and Phoenix, Arizona; 1996-2002), Prudential Securities (New York, New York; 1989-1996), ML Stern & Company (Beverly Hills, California; 1980-1989), and California Municipal Investors (1979-1980). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, New Mexico, Oregon, and Washington. (Information current as of June 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.