Steven Standley: $190K GWG L Bond Complaint Against Brentwood Advisor

A recent investor complaint against DH Hill Securities financial advisor Steven Standley (CRD# 4282051) alleges six-figure losses stemming from an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Brentwood, Tennessee.

Mr. Standley’s BrokerCheck report discloses one investor complaint. Filed in July 2022, it alleges that as a representative of DH Hill Securities, he unsuitably recommended an investment in GWG L bonds, failed to conduct reasonable due diligence, violated securities laws, breached contract, committed fraud, breached his fiduciary duty, and engaged in negligence. (More information about GWG Holdings, which reportedly raised $1.6 billion from investors in its L bonds, filed for Chapter 11 bankruptcy, and is under investigation by the SEC, is available via this resource.) The pending complaint alleges damages of $190,000.

According to the Financial Industry Regulatory Authority, Steven Standley holds 21 years of securities industry experience. Based in Brentwood, Tennessee, he has been a broker and an investment advisor with DH Hill Securities and DH Hill Advisors, respectively, since 2007. His past registrations include OneAmerica Securities (Franklin, Tennessee; 2001-2007), American United Life Insurance Company (Indianapolis, Indiana; 2001), and Legacy Financial Services (Petaluma, California; 2000-2001). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed as a broker and an investment advisor in Tennessee. (Information current as of October 5, 2022.)

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