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Jeff Peters: Ausdal Advisor Faces GWG Holdings Complaint
A recent investor complaint against Bettendorf, Iowa financial advisor Jeff Peters (CRD# 2580603) details allegations regarding an investment in GWG L bonds. Records maintained by the Financial Industry Regulatory Authority show that he is currently registered as a broker and an investment advisor with Ausdal Financial Partners.
Mr. Peters’ BrokerCheck report discloses one investor complaint. Filed in April 2023, it alleges that as a representative of Ausdal Financial Partners, he recommended unsuitable investments in GWG L bonds, violated securities laws, breached contract, and breached his fiduciary duty. (More information about GWG Holdings, which reportedly raised $1.6 billion from investors in its L bonds, filed for Chapter 11 bankruptcy, and is under investigation by the SEC, is available via this resource.) The pending complaint alleges damages of $65,000.
According to the Financial Industry Regulatory Authority, Jeff Peters holds 27 years of securities industry experience. Based in Bettendorf, Iowa, he has been a broker and an investment advisor with Ausdal Financial Partners since 2007. His registration history includes NEXT Financial Group (Bettendorf, Iowa; 2003-2007), Coordinated Capital Securities (Bettendorf, Iowa; 2002-2003), Successful Resource Management (Bettendorf, Iowa; 2002), Cambridge Investment Research (Fairfield, Iowa; 2001-2002), FFP Securities (Chesterfield, Missouri; 2000-2001), Princor Financial Services (Des Moines, Iowa; 1999-2000), Berthel Fisher & Company (Cedar Rapids, Iowa; 1998-1999), Fortis Investors (Oakdale, Minnesota; 1998), US Bancorp Investments (Saint Paul, Minnesota; 1997-1998), Dean Witter Reynolds (Purchase, New York; 1995-1996), and Olde Discount Corporation (Detroit, Michigan; 1995). His credentials include the passage of seven securities industry qualifying exams: the Municipal Securities Representative Examination, or Series 52; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Florida, Illinois, Iowa, Minnesota, New York, and Texas. (Information current as of May 7, 2023.)
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