GWG Investor Files Complaint Against Former NPB Advisor Fred Easter

Sandy, Utah financial advisor Fred Easter (CRD# 74758) recently received an investor complaint alleging his investment advice resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Independent Financial Group, having formerly been registered with NPB Financial Group.

Mr. Easter’s BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleges that as a representative of NPB Financial Group, he recommended an illiquid, high-risk, and high-commission investment in GWG Holdings. (More details about GWG Holdings, the Dallas-based firm that reportedly raised $1.6 billion from investors in its L bond products, filed for bankruptcy, and is under federal investigation, is available via this resource.) The pending complaint alleges damages of $100,001.

According to the Financial Industry Regulatory Authority, Fred Easter holds 29 years of securities industry experience. Based in Sandy, Utah, he has been a broker and an investment advisor with Independent Financial Group since July 2022. His past registrations include NPB Financial Group (Sandy, Utah; 2007-2022), Capital Analysts (Salt Lake City, Utah; 2005-2007), Investment Management Corporation (Bountiful, Utah; 1995-2005), First Western Advisors (Holladay, Utah; 1993-1995), and Intersecurities (St. Petersburg, Florida; 1992-1993). His credentials include the passage of five securities industry qualifying exams: 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 Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Florida, Idaho, Nevada, and Utah. (Information current as of October 19, 2022.)

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