Littleton, Colorado financial advisor Kiran Devarapalli (CRD# 6416586) was recently fired by LPL Financial in connection with alleged rule violations....Read More
Ryan Burnham: Centaurus Advisor Linked to GWG L Bond Sales
At least one current or former customer of Centaurus Financial advisor Ryan Burnham (CRD# 5066139) is listed as a creditor for an investment in GWG L bonds, according to public records. Filed with a US bankruptcy court in Texas, these records describe a total investment of $125,000. Financial Industry Regulatory Authority records show that Mr. Burnham is registered in Santa Barbara, California and does business as Tremblay Financial Services.
Investors should be aware that investments in GWG Holdings were likely unsuitable for people with limited investment experiences and/or low tolerances for risk. As explained by the prospectus for GWG L bonds, which raised investor funds to purchase life insurance policies on the secondary market, these investments involved significant risks, including the possibility that investors might lose their entire principal. After undergoing various financial difficulties, GWG Holdings filed for bankruptcy in April 2022, following disclosures to investors that it was under SEC investigation. If your advisor unsuitably recommended GWG L bonds, you may have grounds to file a claim for damages.
According to the Financial Industry Regulatory Authority, Ryan Burnham holds 17 years of securities industry experience. Based in Santa Barbara, California, he has been a broker and an investment advisor with Centaurus Financial since 2006, doing business as Tremblay Financial Services. He was previously registered with Ameriprise Financial Services in Los Angeles, California in 2006. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 is licensed in California, Tennessee, and Texas. (Information current as of June 23, 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.