Investors potentially incurred losses because of securities broker Paul Wesley Witthauer [CRD: 1672263, Jamestown, North Dakota], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Witthauer worked for G. A. Repple Company beginning December 1, 2017, and later became registered as a financial advisor with the same firm on October 28, 2019. Read on to find out more about the disclosures involving this securities broker.
G. A. Repple Company Investor Accused Witthauer Of Sales Practice Violations
Notably, a client filed a complaint about Paul Witthauer. Primarily, the client alleged that Witthauer was involved in matters relating to investments in asset-backed bonds tied to GWG L-Bonds, where the client later requested the return of $125,000 invested by her late husband in late 2020 and early 2021. The client allegedly incurred damages through unsuitable recommendations or other sales practice violations. Therefore, on April 17, 2024, G. A. Repple Company settled this matter by paying the client $62,598.94 in damages.
Paul Witthauer Disclosed Sales Practice Violations Allegations By G. A. Repple Company Client
Also, a client of G. A. Repple Company disputed Witthauer’s sales practices by filing FINRA Arbitration No. 22-00903. Allegedly, Witthauer was connected to issues involving the purchase of GWG Holdings L-Bonds totaling $250,000, where Witthauer was referenced as the representative of record. It appears that Witthauer allegedly caused the client to sustain damages pertaining to asset-backed bonds and viatical settlements. Consequently, G. A. Repple Company opted to settle the matter on December 15, 2023, by compensating the client in the amount of $115,000.
Did You Invest Through Securities Broker / Financial Advisor Witthauer?
Do you need clarity on any investment losses relating to Paul Witthauer? If the securities broker gave you unsuitable advice about GWG L-Bonds or other investments, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Witthauer and brokerage firms Witthauer worked for deny any accusations of sales practice violations.
