Close Menu
Free Consultation: 888-976-6111

Tom Holly: $100K GWG Complaint Against Boca Raton Advisor

B. Riley Wealth Management financial advisor Tom Holly (CRD# 1713313) recently received an investor complaint alleging he unsuitably recommended a GWG L bond. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Boca Raton, Florida. 

Mr. Holly’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in July 2022, alleges that as a representative of National Securities Corporation, he recommended an “unsuitable and risky” investment in GWG. The pending complaint alleges damages of $100,000.

An earlier investor complaint, filed in 2002, alleged that as a representative of First Union Securities Financial Network, he recommended unsuitable investments. In 2003 the complaint reached a settlement of $190,000.

A third investor complaint, filed in 1999, alleged that as a representative of JWGenesis Securities, he made misrepresentations of material facts and recommended unsuitable investments. In 2001 the complaint reached a settlement of $6,000.

According to the Financial Industry Regulatory Authority, Tom Holly holds 34 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker with B. Riley Wealth Management since 2022 and an investment advisor with B. Riley Wealth Advisors since 2004. His past registrations include National Securities Corporation (Boca Raton, Florida; 2004-2022), Summit Brokerage Services (Boca Raton, Florida; 2003-2004), Wachovia Securities (Boca Raton, Florida; 2001-2003), and JWGenesis Securities (Boca Raton, Florida; 1994-2001). His credentials include the passage of five 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; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 36 state licenses. (Information current as of September 6, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Carlson Law Files Claim Involving Sam Jacobs of Key Investment Group

    Carlson Law recently filed a case on behalf of an investor against LaSalle St. Securities involving the actions of Winter...

    Read More
  • Ariel Rivero: FINRA Sanctions Former Jeffries Advisor

    Coral Gables, Florida financial advisor Ariel Rivero (CRD# 4236679) was recently sanctioned and suspended in connection with alleged rule violations....

    Read More
  • Joshua Cox: $80K Complaint Against Everest Wealth Advisor

    Greenwood Village, Colorado financial advisor Joshua Cox (CRD# 6137037) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial...

    Read More
  • Paul Snow: NewEdge Advisor Resigned from Raymond James

    Former Covington, Louisiana broker Paul Snow (CRD# 2963153) recently resigned from Raymond James Financial Services in connection with alleged rule...

    Read More
  • Previous
  • Next