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Wally Nagle: GWG L Bond Complaint Against Ausdal Advisor

Orland Park, Illinois financial advisor Wally Nagle (CRD# 2208043) allegedly breached his fiduciary duty in connection with an investment in GWG L bonds, according to a recent investor complaint. Records provided by the Financial Industry Regulatory Authority show that he is currently a broker with Ausdal Financial Partners.

Mr. Nagle’s BrokerCheck report discloses two investor complaints. The most recent, filed in February 2023, alleges that as a representative of Audal Financial Partners, he breached contract and warranties, engaged in promissory estoppel, violated state securities statutes, and breached his fiduciary duty in connection with an investment in GWG L bonds. The pending complaint alleges damages of $50,000.

A second investor complaint, filed in 2010, alleged that as a representative of Workman Securities Corporation, he recommended an unsuitable oil and gas private placement. The complaint reached a settlement of $35,000.

According to the Financial Industry Regulatory Authority, Wally Nagle holds 30 years of securities industry experience. Based in Orland Park, Illinois, he has been a broker with Ausdal Financial Partners since 2011. His past registrations include Workman Securities Corporation (Orland Park, Illinois; 2004-2011), Ameritas Investment Corporation (Lincoln, Nebraska; 2004), and Mutual of Omaha Investor Services (Omaha, Nebraska; 1992-2004). His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Corporate Securities Limited Representative Examination, or Series 62; the Direct Participation Programs Representative Examination, or Series 22; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Florida, Illinois, Indiana, North Carolina, Tennessee, and Texas. (Information current as of May 7, 2023.)

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.

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