John Schlagheck Facing Intervest Clients’ Negligence Claims Over GWG Bonds

Investors potentially experienced sales practice violations due to securities broker John Francis Schlagheck [CRD: 1040673, Ottawa Lake, Michigan], according to publicly available information reported on FINRA BrokerCheck. John Schlagheck worked for Intervest International Equities Corporation from August 17, 2017 to October 5, 2022, and Cape Securities Inc. from October 18, 2022 to March 6, 2023. Read on to understand more about the disclosures concerning this broker.

Intervest International Equities Corp. Investor Accused Schlagheck Of Negligent Supervision

Particularly, on October 16, 2024, an Intervest International Equities Corporation client filed FINRA Arbitration No. 24-02177 about John Schlagheck. Supposedly, Schlagheck breached his fiduciary duty, was negligent, breached a contract, negligently supervised certain securities brokers, and violated industry rules. As a result, the client allegedly experienced damages linked to GWG L-bonds. Consequently, the client requested $209,267.00 in compensation from Intervest International Equities Corporation or Schlagheck. Evidently, this arbitration is ongoing.

John Schlagheck Disclosed Breach Of Contract Allegations By Intervest International Equities Corporation Client

In addition, a client of Intervest International Equities Corporation took aim at John Schlagheck’s sales practices by filing FINRA Arbitration No. 24-02176 on October 16, 2024. Allegedly, Schlagheck was negligent, breached a contract, breached a fiduciary duty, and negligently supervised certain securities brokers concerning sales of GWG L-bonds. So, the client seeks compensation from Intervest International Equities Corporation or Schlagheck in the amount of $258,205.00 in this ongoing matter.

Intervest International Equities Corporation Investor Accused Schlagheck Of Breach Of Fiduciary Duty

Also, on October 5, 2024, a client of Intervest International Equities Corporation filed FINRA Arbitration No. 24-01925 about John Schlagheck. Supposedly, Schlagheck breached his fiduciary duty, violated securities laws, was negligent, breached a contract, negligently supervised certain securities brokers, and made omissions concerning GWG L-Bonds. Consequently, the client requested $1,107,868.00 in compensation from Intervest International Equities Corporation or Schlagheck. It appears that this arbitration is awaiting a resolution.

John Schlagheck Disclosed Omissions Allegations By Intervest International Equities Corporation Client

Additionally, a client of Intervest International Equities Corporation contested John Schlagheck’s sales practices in FINRA Arbitration No. 24-00711. Allegedly, Schlagheck made omissions, breached a contract, failed to supervise certain securities brokers, was negligent, made unsuitable recommendations, violated securities rules and regulations, and breached his fiduciary duty. It appears that Schlagheck caused the client to sustain damages relating to GWG L-Bonds. Therefore, Intervest International Equities Corporation opted to settle the matter on July 26, 2024, by compensating the client in the amount of $27,500.00.

Investor Accused Schlagheck Of Breach Of Fiduciary Duty

Also, an Intervest client filed FINRA Arbitration: FINRA Arbitration No. 22-01398 about John Schlagheck. Mainly, the investor alleged that Schlagheck violated Michigan securities laws, breached his fiduciary duty, breached a contract, and was negligent as it related to corporate bond transactions. Consequently, on October 23, 2024, Schlagheck was ordered to pay $91,800.00 in compensatory damages.

John Schlagheck Disclosed Unsuitable Recommendations Allegations By Intervest International Equities Corporation Client

Evidently, a client of Intervest International Equities Corporation disputed John Schlagheck’s sales practices by filing FINRA Arbitration: FINRA Arbitration No. 24-00403. Allegedly, Schlagheck made unsuitable recommendations, made omissions, was negligent, and breached a contract. It appears that Schlagheck caused the client to sustain damages connected to GWG L-bonds. Therefore, FINRA Arbitrators issued an Award dated July 26, 2024 compelling Intervest International Equities Corporation to compensate the client in the amount of $107,500.00.

Were You Impacted By Financial Advisor / Securities Broker Schlagheck?

Do you need clarification on any investment losses relating to John Schlagheck? You should reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a possible recovery. Soreide Law Group helps to recover losses for investors located within the US. Also, the firm works on a contingency fee basis and advances all costs. Schlagheck and brokerage firms Schlagheck worked for deny allegations of sales practice violations.