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Vik Goel: WestPark Advisor Lands GWG L Bond Complaint
Irvine, California financial advisor Vik Goel (CRD# 3165104) recently received an investor complaint in connection with a GWG L bond investment. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with WestPark Capital, having previously been registered with Newport Coast Securities.
Mr. Goel’s BrokerCheck report discloses one recent investor complaint. Filed in March 2023, the complaint alleges that as a representative of WestPark Capital, he misrepresented and omitted material information regarding a GWG L bond investment. The pending complaint alleges damages of $28,000.
In a statement included with the pending complaint’s disclosure, Mr. Goel “vigorously” denied the allegations. “Client was provided with all proper disclosure information, including the prospectus and signed all the required paperwork which included disclosures about the risks and merits of the L Bonds investment,” he wrote, stating further: “Client has been a customer for 17 years with investments in Variable Annuities invested in the market and sophisticated to understand different investment products.”
According to the Financial Industry Regulatory Authority, Vik Goel holds 21 years of securities industry experience. Based in Irvine, California, he has been a broker and an investment advisor with WestPark Capital since 2016. His registration history includes Newport Coast Securities (Irvine, California; 2011-2016), LPL Financial (Orange, California; 2009-2011), Chase Investment Services Corporation (Anaheim Hills, California; 2009), Wamu Investments (Anaheim Hills, California; 2005-2009), Wells Fargo Investments (San Francisco, California; 2004-2005), WM Financial Services (Irvine, California; 2002-2003 and 2003-2004), and Pacific Select Distributors (Newport Beach, California; 2001-2002). 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 Investment Adviser Law Examination, or Series 65. He is licensed in California, Idaho, Massachusetts, Oregon, Texas, and Washington. (Information current as of July 9, 2023.)
Carlson Law has represented at least nine investors in claims against their financial advisors for investments in GWG Holdings Inc. 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.