Close Menu
Free Consultation: 888-976-6111

Kevin Nichols: IAA Advisor’s Customer Listed as GWG Creditor

At least one current or former customer of International Assets Advisory advisor Kevin Nichols (CRD# 1961596) is listed as a creditor for an investment in GWG L bonds and/or preferred stock, according to public records. Filed with a US bankruptcy court, these records disclose an investment of more than $284,000. Financial Industry Regulatory Authority records show that Mr. Nichols is currently based in Alma, Michigan.

Investments in GWG L bonds, life settlement-backed debentures issued by Dallas-based alternative investment firm GWG Holdings, were likely unsuitable for investors with limited experience and low risk tolerances. FINRA-registered representatives who sold these investments to unsophisticated and/or conservative investors may be liable to their customers. More information about GWG L bonds is available here.

Mr. Nichols was discharged from his position at Securities America in 2015, according to a disclosure on his BrokerCheck report. The disclosure states that he was terminated in connection with allegations that he “failed to supervise an office assistant in connection with a misuse of a client’s initials.”

According to the Financial Industry Regulatory Authority, Kevin Nichols holds 33 years of securities industry experience. Based in Alma, Michigan, he has been a broker with International Assets Advisory since 2015 and and an investment advisor with International Assets Investment Management since 2016. His past registrations include Securities America (Alma, Michigan; 1995-2015) and United Planners’ Financial Services of America (Scottsdale, Arizona; 1989-1995). His credentials include the passage of five securities industry experience: the General Securities Principal Examination, or Series 24; 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 Combined State Law Examination, or Series 66. He is licensed in Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Idaho, Illinois, Indiana, Michigan, Minnesota, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia, Wisconsin, and Wyoming. (Information current as of June 13, 2023.)

Carlson Law has represented at least nine investors in claims against their financial advisors for investments in GWG Holdings Inc. 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
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Robert Gleason: FINRA Suspends Former Cantella & Company Advisor

    Former Owensboro, Kentucky financial advisor Robert Gleason (CRD# 1415067) was recently suspended in connection with allegations that he recommended unsuitable...

    Read More
  • Jason Kurtz: FINRA Bars Former US Bancorp Advisor

    Former Denver financial advisor Jason Kurtz (CRD# 4958219) has been sanctioned and barred in connection with alleged rule violations. Financial Industry...

    Read More
  • Lodging Fund REIT III Settles SEC Charges

    In August 2023, the real estate investment trust Lodging Fund REIT III’s CEO and advisor paid more than $4 million...

    Read More
  • Kevin Bailey: $500K Complaint Against Charles Schwab Advisor

    Phoenix financial advisor Kevin Bailey (CRD# 1490570) recently received an investor complaint alleging that his conduct resulted in damages of...

    Read More
  • Previous
  • Next