Joshua Helmle: Ex-Integrity Broker Faced GWG Complaint

Former Monterey Park, California financial advisor Joshua Helmle (CRD# 2195760) allegedly recommended unsuitable GWG L bonds, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he was previously registered as a broker with Integrity Brokerage.

Mr. Helmle’s BrokerCheck report discloses one recent investor complaint. Filed in 2023, it alleged that he misrepresented and omitted material facts, violated securities law, acted negligently, breached contract, and recommended unsuitable investments in GWG L bonds. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $65,000.

A second disclosure on his BrokerCheck report concerns his resignation from Integrity Brokerage. Filed in 2020, it states that the firm permitted him to resign in connection with an internal investigation into his “performance of supervisory responsibilities, potential breach of firm procedures,” and “unauthorized representation of firm in [a] disciplinary proceeding.”

A third disclosure on his BrokerCheck report concerns a FINRA disciplinary action against him. Filed in 2022, it describes allegations that his firm “permitted and enabled a statutorily disqualified person to associate with the firm and engage in its securities business despite his disqualified status.” FINRA alleged that his firm, acting through him, failed to register the person with FINRA in any capacity. He was indefinitely barred from registering with any FINRA member firm in any capacity.

According to the Financial Industry Regulatory Authority, Joshua Helmle holds 24 years of securities industry experience. Most recently based in Monterey Park, California, he was registered as a broker with Integrity Brokerage from 2002 until 2020. His past registrations include Tradeway Securities Group, DE Frey & Company, Titan/Value Equities Group, Nicholas-Applegate Securities, Jack White & Company, and Legend Capital Corporation. His credentials include the passage of ten securities industry qualifying exams: the Introducing Broker/Dealer Financial Operations Principal Examination, or Series 28; the Municipal Securities Principal Examination, or Series 53; the Registered Options Principal Examination, or Series 4; the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the Limited Representative-Equity Trader Exam, or Series 55; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He has been barred from acting as a broker or otherwise associating with a broker-dealer firm. (Information current as of February 20, 2025.)

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