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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.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. 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.