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Read MoreDavid Goldstein: WealthPlan Advisor Lands GWG L Bond Complaint
Rancho Mirage, California financial advisor David Goldstein (CRD# 1718066) recently received an investor complaint in connection with an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is registered as a broker with Securities America and an investment advisor with WealthPlan Partners.
Mr. Goldstein’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Western International Securities, he misrepresented an investment in GWG L bonds. The pending complaint alleges damages of $230,000. A statement included with the disclosure reads, “Please note that the client’s total investment in the GWG L Bonds was $50,000, not the $230,000 that was stated.”
An earlier investor complaint, filed in 2023, similarly alleged that as a Western International Securities representative, he negligently misrepresented a bond investment. In April 2024 the complaint reached a settlement of $26,000.
A third investor complaint, filed in 2023, also alleged that he misrepresented a bond investment. In February 2024 the complaint reached a settlement of $30,000.
A fourth investor complaint, filed in 2022, alleged that as a representative of Western International Securities, he recommended unsuitable bond investments, and that he misrepresented and omitted material facts. In 2023 the complaint reached a settlement of $76,273.
WealthPlan Partners’ website includes a profile of Mr. Goldstein that describes his background and experience. “David has always had a passion for this industry and enjoys helping individuals, families, and businesses to make sure their investments are there for them when they need them,” it states. “David’s passion for what he does and how he helps individuals is so strong he says he will ‘never quit or retire.’”
According to the Financial Industry Regulatory Authority, David Goldstein holds 36 years of securities industry experience. Based in Rancho Mirage, California, he has been registered as a broker with Securities America and an investment advisor with WealthPlan Partners since 2022. His past registrations include Western International Securities, United Advisors, Gunnallen Financial, Linsco/Private Ledger Corporation, Sutro & Company, and Municicorp of California. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Idaho, Nebraska, New York, North Carolina, Oregon, and Texas. (Information current as of June 5, 2024.)
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