Jeffrey Noard Allegedly Made Unsuitable Recommendations Re: GWG Renewed Debentures

investment fraud attorneyDid you invest in GWG Renewable Secured Debentures? The Peiffer Rosca Wolf investment recovery attorneys are currently probing Jeffrey Noard, a financial advisor from Milwaukee, Wisconsin, and his alleged involvement in the sale of GWG Renewable Secured Debentures.

Back in June of 2012 Jeffrey Noard, who was registered with Allied Beacon from February 2011 to June 2013, allegedly made an unsuitable recommendation in GWG Renewable Secured Debentures for investments totaling $20,000, according to a Complaint from FINRA’ Department of Enforcement currently under review by attorneys Joe Peiffer and Alan Rosca.

Jeffrey Noard Unsuitable Recommendation Allegedly Made to Elderly Customers

Jeffrey Noard allegedly made an unsuitable recommendation for GWG to one of his elderly customers at Allied Beacon Partners, Inc., and, as a result, Noard allegedly violated NASD and FINRA Rules, a Complaint from FINRA’ Department of Enforcement presently under review by attorneys Joe Peiffer and Alan Rosca reports.

After Noard recommended GWG Renewable Secured Debentures to an 82-year-old client, FINRA alleged that there was no reasonable basis to recommend a speculative, illiquid investment like the GWG Renewable Secured Debentures to an elderly client who sought conservative investments.

As a result, FINRA reports that Noard’s alleged unsuitable investment recommendation violated FINRA Rules, and FINRA will also seek to sanction Noard for said conduct.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of investment misconduct. They are currently investigating Jeffrey Noard, his alleged unsuitable recommendations in GWG Renewable Secured Debentures, and the possibility of assisting any investors with the recovery of any losses they may have suffered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any Investors who believe they lost money as a result of alleged misinformation regarding Jeffrey Noard’s alleged unsuitable recommendations in GWG Renewable Secured Debentures may contact the investment recovery attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Jeffrey Noard

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1169 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.