Former Fresno financial advisor Steven Hirata (CRD# 1188927) was recently sanctioned by the Financial Industry Regulatory Authority for allegedly refusing...Read More
Tony Moreno: GWG Complaint Against Orlando IFP Advisor
Tony Moreno (CRD# 2251158), a broker and an investment advisor with IFP Securities, allegedly recommended unsuitable GWG Holdings bonds, resulting in six-figure damages. Financial Industry Regulatory Authority records show that he is based in Orlando, Florida.
Mr. Moreno’s BrokerCheck report discloses one investor complaint. Filed in June 2022, it alleges he sold speculative, non-conventional GWG Holdings bonds that were not suitable for the customer. The complaint alleges additionally that his recommendations constituted negligence and breach of his fiduciary duty to place his clients’ interests above their own. (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 $500,000.
According to the Financial Industry Regulatory Authority, Tony Moreno holds 29 years of securities industry experience. Based in Orlando, Florida, he has been a broker with IFP Securities since 2019 and an investment advisor with Independent Financial Partners since 2009. His past registrations include LPL Financial (Orlando, Florida; 2004-2019) and W.S. Griffith Securities (Orlando, Florida and Hartford, Connecticut; 1992-2004). His credentials include the passage of four securities industry qualifying examinations: 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; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Vermont, Virginia, and Washington. (Information current as of July 22, 2022.)
Carlson Law represents several investors involved in GWG L bond claims against financial advisors and investment firms throughout the United States. If you or a loved one have suffered losses investing in GWG L bonds, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.