DEAN ROBERT NOWAK of Newbridge Securities

The Florida-based, Soreide Law Group, has been contacted by investors who were allegedly recommended purchasing GWG L Bonds through broker, DEAN ROBERT NOWAK (CRD#: 1091819), currently registered with Newbridge Securities Corporation of Winter Park, Florida.
GWG Holdings, Inc. (GWGH) is a financial services company that sells life insurance bonds. The L Bond was created by GWG for raising money from bond sales to purchase life insurance policies on the secondary market. The payouts from the life insurance policies were then used to pay investors. However, GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022.  Due to the Chapter 11 bankruptcy filing, the payment obligations for the GWG L Bonds have stopped. Investors will no longer receive principal or interest payments until GWG Holdings, Inc. restructures the debt obligations and is approved by the court. Nearly $2 billion in GWG L Bonds were sold.
L Bonds are speculative, high-risk, and illiquid securities sold as private placements through many broker/dealers nationwide. The L Bonds were not suitable for investors with low-risk tolerance. GWG sold the L Bonds through broker/dealers, who then sold the products to individual retail investors.
According to FINRA’s BrokerCheck, DEAN ROBERT NOWAK, has been in the securities industry for 36 years and has one disclosure on his FINRA CRD report.  The “Customer Dispute” from April 3, 2020 is still pending with allegations of, “Customers allege that Mr. Nowak made misrepresentations and omissions regarding the features and risks of a fixed annuity and a real estate investment trust, including restrictions on liquidity and the applicable time horizon, and that those products were not suitable for the customers.” The damage amount requested is $100,000.00. Nowak denies all allegations. 
DEAN ROBERT NOWAK was registered with 6 firms and has been listed with the following firm since 8/22/2019:
NEWBRIDGE SECURITIES CORPORATION
301 N. PARK AVENUE, UNIT B
WINTER PARK, FL 32789
Before Newbridge, NOWAK was listed with:
05/29/2012 - 08/12/2019   TAYLOR CAPITAL MANAGEMENT  -  WINTER PARK, FLORIDA 
If you’ve experienced losses due to the purchase of GWG L Bonds, allegedly recommended by broker, DEAN ROBERT NOWAK of NEWBRIDGE SECURITIES CORPORATION, in Winter Park, Florida, or any other broker/dealer who may have recommended GWG L Bonds, contact the Florida-based, Soreide Law Group, and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.