Michael Barrows: $250K GWG Complaint Against Ex-Chalice Advisor

A recent investor complaint against Charlotte, North Carolina financial advisor Michael Barrows (CRD# 2933260) alleged that he recommended unsuitable GWG L Bond investments. Financial Industry Regulatory Authority records show that he is registered as a broker with Innovation Partners and an investment advisor with IP Financial Advisory Services.

Mr. Barrows’ BrokerCheck report discloses multiple investor complaints. The most recent, filed in 2023, alleged that as a representative of Chalice Wealth Advisors and Kingswood, he was negligent in his supervisory responsibilities, failed to conduct adequate due diligence, and recommended an unsuitable investment in GWG L Bonds. In 2025 the complaint reached a settlement of $250,000.

An earlier investor complaint, filed in 2022, alleged that as a representative of Accelerated Capital Group, he violated state and federal securities law, breached his fiduciary duty, acted grossly negligent, breached contract, and committed fraud in connection with GWG L Bond investments. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the claimant totaling $1,035,360.46.

According to the Financial Industry Regulatory Authority, Michael Barrows holds 25 years of securities industry experience. Based in Charlotte, North Carolina, he has been registered as a broker with Innovation Partners and an investment advisor with IP Financial Advisory Services since 2024. His past registrations include M Stevens Securities, Kingswood Capital Partners, Accelerated Capital Group, Chalice Wealth Advisors, and National Planning Corporation. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. (Information current as of June 20, 2026.)

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