Hemant Kathuria: $100K-$200K Complaint Against AGP Advisor

Newport Beach, California financial advisor Hemant Kathuria (CRD# 5380092) 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 and an investment advisor with Alliance Global Partners, or AGP.

Mr. Kathuria’s BrokerCheck report discloses one investor complaint. Filed in June 2024, it alleges that as a representative of AGP, he failed to disclose the fees and risks associated with an alternative investment in GWG L-bonds. The pending complaint alleges damages between $100,000 and $200,000.

The website for EPC Advisors Group, a division of Alliance Global Partners, includes a profile of Mr. Kathuria that describes his background and experience. “Upon graduating from UC Berkeley in 1989, Hemant initially worked as a Pension Administrator, primarily doing tax planning and counseling for corporate pension plans,” it describes. “In 1992, he purchased a stake in an early-stage manufacturing company, where he remained until selling the business and joining Euro Pacific in 2007.”

Elsewhere, the firm describes its services, including wealth management. “The EPC Advisors Group Wealth Management Program provides turn-key access to investment philosophy and is offered exclusively to EPC Advisors Group clients,” it explains. “Each of the many wealth management strategies that are offered in the program are designed to help our clients diversify their portfolio away from the US Dollar through targeted equity, fixed income and natural resource investments in overseas and domestic markets.”

According to the Financial Industry Regulatory Authority, Hemant Kathuria holds 17 years of securities industry experience. Based in Newport Beach, California, he has been registered as a broker and an investment advisor with Alliance Global Partners since 2007 and 2009, respectively. He was previously registered with Digital Offering in Laguna Beach, California, from 2014 until 2016. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 54 state licenses. (Information current as of August 10, 2024.)

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