Ex-Intervest Advisor John Schlagheck: GWG L Bond Complaints

Recent investor complaints against McDonough, Georgia financial advisor John Schlagheck (CRD# 1040673) allege that investments in GWG L bonds resulted in damages exceeding half a million dollars. Financial Industry Regulatory Authority records show that he is a broker with Cape Securities, having previously been registered with Intervest International Equities Corporation.

Mr. Schlagheck’s BrokerCheck report discloses two investor complaints. The most recent, filed in August 2022, alleges that as a representative of Intervest International Equities, he breached his fiduciary duty, acted negligently, committed fraud, and breached contract in connection with an investment in GWG L bonds. The pending complaint alleges damages of $565,000. 

A second investor complaint, filed in May 2022, similarly alleges that he breached contract, violated Michigan securities law, engaged in negligence and unjust enrichment, and breached his fiduciary duty in relation with the sale of GWG L bonds in March 2021. The pending complaint alleges damages of $100,000.

According to the Financial Industry Regulatory Authority, John Schlagheck holds 38 years of securities industry experience. Based in McDonough, Georgia, he has been a broker with Cape Securities since 2022. His registration history includes Intervest International Equities (Ottowa Lake, Michigan; 2017-2022), Southeast Investments (Charlotte, North Carolina; 2007-2017), Sammons Securities Company (Ann Arbor, Michigan; 2002-2005), Granite Investment Services (St. Cloud, Minnesota; 2001-2002), Washington Square Securities (Windsor, Connecticut; 2001-2002), Primevest Financial Services (St. Cloud, Minnesota; 2001), IFG Network Securities, Vestax Securities, Locust Street Securities, and FSC Securities. His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; 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 Michigan and Ohio. (Information current as of December 13, 2022.)

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