Samuel Julian: GWG Complaint Against Ausdal Advisor

Carmel, Indiana financial advisor Samuel Julian (CRD# 4488869) recently received an investor complaint relating to an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with Ausdal Financial Partners.

Mr. Julian’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of Ausdal Financial Partners, he violated state and federal securities laws and recommended an unsuitable investment in GWG L bonds. The pending complaint alleges damages of $85,000.

GWG L bonds are corporate bonds issued by GWG Holdings, an alternative asset management company based in Dallas, Texas. According to an April 2022 report published by the Wall Street Journal, GWG L  bonds “pooled money from bond investors to purchase life-insurance policies on the secondary market.” They were purportedly designed to pay investors through life insurance payouts generated when policyholders died. GWG Holdings raised approximately $1.6 billion, largely from individual investors, before filing for Chapter 11 bankruptcy in April 2022, according to reports. Financial advisors who recommended these investments may be liable for damages in the event of losses.

According to the Financial Industry Regulatory Authority, Samuel Julian holds 21 years of securities industry experience. Based in Carmel, Indiana, he has been a broker and an investment advisor with Ausdal Financial Partners since 2013. His past registrations include Securities Service Network (Noblesville, Indiana; 2012-2013), ProEquities (Carmel, Indiana; 2009-2012), Royal Alliance Associates (Carmel, Indiana; 2005-2009), Lincoln Financial Advisors (Carmel, Indiana; 2002-2005), and the Lincoln National Life Insurance Company (Fort Wayne, Indiana; 2002-2005). 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 is licensed in Florida, Indiana, and South Carolina. (Information current as of November 6, 2023.)

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