GWG Complaint Against Highland Financial’s Joseph Jackson

Fayetteville, North Carolina financial advisor Joseph Jackson (CRD# 2351290) recently received an investor complaint alleging six-figure damages stemming from an investment in GWG Holdings. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Capital Investment Group, doing business as Highland Financial Management and Cape Fear Securities.

Mr. Jackson’s BrokerCheck report discloses one investor complaint. Filed in October 2022, the complaint alleges that as a representative of Capital Investment Group, he recommended an unsuitable investment in GWG Holdings and failed to inform the investor “of a deadline to exercise the Guaranteed Minimum Income Benefit Rider on an Ohio National Variable Deferred Annuity.” The pending complaint alleges damages of $400,000.

According to the Financial Industry Regulatory Authority, Joseph Jackson holds 29 years of securities industry experience. Based in Fayetteville, North Carolina, he has been a broker with Capital Investment Group since 2015 and an investment advisor with Capital Investment Advisory Services since 2022. He is the owner of Highland Financial Management and the owner and president of Cape Fear Securities. His past registrations include LPL Financial, Wachovia Securities, Morgan Stanley, Centura Securities, UVest Investment Services, Smith Barney Shearson, and Lehman Brothers, with past registrations in cities including Raleigh, Charlotte, and New York. His credentials include the passage of eight securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; 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; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Colorado, Georgia, North Carolina, South Carolina, South Dakota, and Virginia. (Information current as of November 4, 2022.)

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