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Andrew Keefer: GWG Complaint Against Orlando Broker

IFP Securities financial advisor Andrew Keefer (CRD# 5270359) recently received an investor complaint alleging he recommended unsuitable GWG investments. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Orlando, Florida.

Mr. Keefer’s BrokerCheck report discloses one investor complaint. Filed in June 2022, it alleges that as a representative of IFP Securities, he recommended unsuitable “speculative, non-conventional investments” in GWG Holdings, engaged in negligence, and breached his fiduciary duty. The pending complaint alleges damages of $500,000.

For reference, GWG L bonds were recently described by the Wall Street Journal as assets that “pooled money from bond investors to purchase life-insurance policies on the secondary market.” They were issued by GWG Holdings, which reportedly went into Chapter 11 bankruptcy after raising more than $1 billion, largely from individual investors. In its bankruptcy filings, the company reportedly disclosed that it was being investigated by the Securities and Exchange Commission. More information on GWG L bonds, and whether they were unsuitable investments for conservative investors, is available here. 

According to the Financial Industry Regulatory Authority, Andrew Keefer holds 15 years of securities industry experience. Based in Orlando, Florida, he has been a broker with IFP Securities since 2019 and an investment advisor with Independent Financial Partners since 2009. His past registrations include LPL Financial (Orlando, Florida; 2007-2019) and B.C. Ziegler & Company (Maitland, Florida; 2007). His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. He is licensed in Alabama, California, Florida, Illinois, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Texas, and Washington. (Information current as of July 22, 2022.)

Carlson Law represents several investors involved in GWG L bond claims against financial advisors and investment firms throughout the United States. If you or a loved one have suffered losses investing in GWG L bonds, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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