ESPN Host Files $400,000 Lawsuit Against Capital Investment Group

Law Firm KlaymanToskes Represents Retired Professional Golfer in FINRA Arbitration Claim

GWG Holdings, Inc. (OTCMKTS: GWGHQ)

HOPE MILLS, North Carolina, USA, October 25, 2022 /EINPresswire.com/ — Law firm KlaymanToskes has filed a $400,000 lawsuit against Capital Investment Group and Joseph D. Jackson on behalf of an ESPN and NBC Sports host.

The investor, also a retired professional golfer, told Jackson that she wanted conservative investments such as AAA bonds. With this direction, Jackson recommended buying GWG L Bonds. Jackson touted L bonds as a safe investment with a guaranteed return of principal and monthly income. In truth, L Bonds are highly speculative, illiquid alternative investments. This misrepresentation left the investor locked into L bonds during the recent bankruptcy of GWG Holding, resulting in significant investment losses.

As alleged in the claim (FINRA Case #22-02414), Jackson also grossly neglected the investor’s other holdings. In January 2021, he allowed one of the investor’s Ohio National Annuity Guaranteed Minimum Income Benefit riders to expire after failing to notify him that the contract value of the annuity had fallen to a critical point. jeopardizing the contract. It eventually reached $0 and was cancelled.

The following year, Jackson again failed to notify the investor of the possibility of exercising his other guaranteed minimum income benefit rider from the Ohio National Annuity and allowed the second policy to expire. It cost him lifetime income payments and the burden of paying redemption fees.

According to the securities lawyer Lawrence L. Klayman, Esq.“Not only did Jackson recommend improper investments, but he was also negligent in failing to act on annuity riders. The financial services industry’s standard of care was breached, leaving our client to suffer significant losses. . »

Members of the Hope Mills community may have been approached by Jackson to purchase similar investments or experienced similar neglect. Investors who have suffered losses greater than $100,000 at the hands of a full-service brokerage firm such as Capital Investment Group are encouraged to contact Lawrence L. Klayman, Esq. at 1 (888) 997-9956 or [email protected] to learn more about their recovery options.

About Us

KlaymanToskes is a leading national securities law firm that practices exclusively in securities arbitration and litigation on behalf of retail and institutional investors worldwide in major securities matters and complex. The firm has recovered over $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation for its clients. KlaymanToskes has offices in California, Florida, New York and Puerto Rico.

Laurent Klayman
Klayman Toskes, Pennsylvania
+1 888-997-9956
[email protected]

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