Chad Bridgers: Cabot Lodge Advisor Faces $400K GWG L-Bond Complaint

Fayetteville, Arkansas financial advisor Chad Bridgers (CRD# 2475641) recently received an investor complaint alleging that a GWG L-bond investment resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Cabot Lodge Securities and an investment advisor with CL Wealth Management.

Mr. Bridgers’ BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of Cabot Lodge Securities, he breached his fiduciary duty, acted negligently, violated Regulation Best Interest, failed in his duty to supervise, and violated FINRA rules in connection with an investment in GWG L-bonds. The pending complaint alleges damages of $400,000.

Cabot Lodge Securities’ website includes a page describing the firm’s approach to working with its clients. “We provide a disciplined and designed investment approach that considers specific needs and goals and accounts for evolving market conditions,” it explains. “We strive to serve our clients’ best interests every day, whether it’s in setting up a college fund with parents or consulting with a senior executive on a multi-million dollar corporate acquisition. Our core belief, upon which all of our business is conducted is a constant: we put our clients’ interests first.”

According to the Financial Industry Regulatory Authority, Chad Bridgers holds 30 years of securities industry experience. Based in Fayetteville, Arkansas, he has been registered as a broker with Cabot Lodge Securities and an investment advisor with CL Wealth Management since 2017. His past registrations include Wilbanks Securities, AG Edwards & Sons, and Merrill Lynch. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arkansas, Georgia, Illinois, and Missouri. (Information current as of July 20, 2024.)

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