One or more investors potentially experienced sales practice violations because of securities broker Brian Wayne Napier [CRD: 4555202, Greenwood, Indiana], based on publicly available information reported on FINRA BrokerCheck. Napier has worked with Ausdal Financial Partners Inc. since September 18, 2013, where he serves both as a broker and an investment adviser. Read on to understand more about the disclosures filed against Napier.
Evidently, a client of Ausdal Financial Partners Inc. contested Brian Napier’s sales practices by filing FINRA Arbitration No. 24-00532 on March 11, 2024. Allegedly, Napier breached a fiduciary duty, was negligent, violated Indiana Securities Act, and improperly supervised certain representatives. Supposedly, Napier caused the client to sustain damages on GWG L bonds. As a result, the client seeks compensation from Ausdal Financial Partners Inc. or Napier in the amount of $150,000.00 in this ongoing matter.
Also, an Ausdal Financial Partners Inc. client filed FINRA Arbitration No. 22-01956 about Brian Napier. Mainly, the client alleged that from 2018 to 2020, Napier breached his fiduciary duty and failed to supervise representatives in connection with purchases of GWG L bonds. For this reason, the client allegedly sustained damages. Consequently, on September 26, 2022, Ausdal Financial Partners Inc. settled this matter by paying the client $130,000.00 in damages.
Are you concerned regarding investments you made with Brian Napier? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery recovery. Soreide Law Group has helped to recoup losses for clients located throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Napier and brokerage firms Napier worked for deny accusations of sales practice violations.
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