Douglas Davis, et al. v. JRL Capital Corporation, et al., FINRA Case #22-01426

Complex Claimant Scenario Leads to $1 Million Judgment for Plaintiffs

In a case stemming from alleged losses from GWG L Bonds, two out of six claimants had their claims dismissed with prejudice as a sanction for discovery violations. Later, the respondent broker was found liable to the remaining claimants for over $1 million in damages. A second respondent broker successfully petitioned the Panel for the expungement of this matter from his CRD record. 


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