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Lex Hackley: $300K GWG L Bond Complaint Against Front Range Advisor

Centennial, Colorado financial advisor Lex Hackley (CRD# 4899317) recently received an investor complaint alleging six-figure damages relating to a GWG L bond investment. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LifeMark Securities, doing business as Front Range Financial.

Mr. Hackley’s BrokerCheck report discloses several investor complaints. The most recent, filed in June 2022, alleges breach of fiduciary duty, violations of state securities law and securities industry regulations, and supervisory failures connected to an investment in GWG L bonds. The complaint alleges further that when the claimant expressed her concern to Mr. Hackley that GWG L bonds were illiquid products, he “refuted this statement” and said “she would recover her full amount invested plus the interest payments GWG didn’t make since January 2022 because of her age.” The pending complaint alleges damages of $300,000.

Two other investor complaints disclosed on Mr. Hackley’s BrokerCheck report, filed in 2011 and 2009, allege that he recommended unsuitable transactions while a representative of Woodbury Financial Services. Both complaints were denied by the firm.

According to the Financial Industry Regulatory Authority, Lex Hackley holds 16 years of securities industry experience. Based in Centennial, Colorado, he has been a broker and an investment advisor with LifeMark Securities since 2017 and 2018, respectively, doing business as Front Range Financial. His past registrations include Blue Duck Wealth Management, Verus Capital Partners, Securities America, Prudential Financial Planning, Pruco Securities, and Woodbury Financial Services. 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 Combined State Law Examination, or Series 66. He holds 29 state licenses. (Information current as of August 19, 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.

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