Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

John Lancaster: Ausdal Advisor Has GWG L Bond Complaint

Glen Ellyn, Illinois financial advisor John Lancaster (CRD# 1293652) recently received an investor complaint alleging he provided misleading information regarding an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Ausdal Financial Partners.

Mr. Lancaster’s BrokerCheck report discloses one investor complaint against him. Filed in July 2022, the complaint alleges that as a representative of Audal Financial Partners, he breached his fiduciary duty, recommended an unsuitable investment in GWG L bonds, misrepresented material facts regarding the investment, and failed in his supervisory duties. (More information about L bonds issued by GWG Holdings, which has since filed for bankruptcy and come under investigation by the SEC, is available here.) The pending complaint alleges damages of $75,000.

According to the Financial Industry Regulatory Authority, John Lancaster holds 37 years of securities industry experience. Based in Glen Ellyn, Illinois, he has been a broker and an investment advisor with Ausdal Financial Partners since 2010. His past registrations include Waterstone Financial Group (Glen Ellyn, Illinois; 2002-2009), Lifemark Securities Corporation (Rochester, Illinois; 2001-2002), Linsco/Private Ledger Corporation (Fort Mill, South Carolina; 2000-2001), Park Avenue Securities (New York, New York; 1993-2000), Guardian Investor Services Corporation (New York, New York; 1992-1999), and Capital Analysts (Cincinnati, Ohio; 1984-1992). His credentials include the passage of three securities industry qualifying exams: 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 California, Colorado, Florida, Idaho, Illinois, Indiana, Missouri, North Carolina, Washington and Wisconsin. (Information current as of September 1, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Franklin BSP Realty Trust/Benefit Street Partners Realty Trust Losses

    On October 18th, 2021, the non-traded, publicly registered real estate investment trust (REIT) Franklin BSP Realty Trust completed its merger...

    Read More
  • Sierra Income: Was Non-Traded BDC Investment Too Risky?

    In March 2022 Sierra Income Corp., previously a non-traded business development company (BDC), marked the completion of its merger with...

    Read More
  • Hospitality Investors Trust Bankruptcy: Investors May Have Options

    Hospitality Investors Trust is a publicly registered, non-traded real estate investment trust whose initial offering became effective in 2014 and...

    Read More
  • Thomas Rydell: CFP Board Sanctions Royal Alliance Advisor

    Milpitas, California financial advisor Thomas Rydell (CRD# 5020102) recently received an investor complaint alleging six-figure damages. Records provided by the...

    Read More
  • Previous
  • Next