Haselkorn & Thibaut files FINRA claim against Ausdal Financial Partners over REITs, GWG bonds

Haselkorn & Thibaut filed a FINRA arbitration claim against Ausdal Financial Partners on behalf of an investor alleging unsuitable recommendations, weak supervision and misrepresentations tied to non-traded REITs and GWG bonds. The case seeks damages and could open the door for other investors who say they were sold illiquid, high-risk products without proper risk disclosure.

Why it matters: - The FINRA claim targets alleged sales of complex, illiquid investments to retail investors, including retirees and conservative clients. - The filing says investors may have suffered losses from products marketed with income claims but carrying higher risks, limited liquidity and issuer distress exposure. - The case could matter for other investors who bought similar non-traded securities through broker-dealers and want to seek recovery.

What happened: - Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, filed a FINRA arbitration claim in Murrow v. Ausdal Financial Partners et al., FINRA Case No. 26-02240. - The claim names Ausdal Financial Partners and seeks damages tied to investments in non-traded real estate investment trusts and GWG Holdings bonds. - The filing alleges negligent supervision, due diligence failures, unsuitable recommendations and misrepresentations. - The firm says the claim involves investor purchases made through registered FINRA broker-dealer Ausdal Financial Partners.

The details: - The claim says Ausdal Financial Partners failed to adequately conduct due diligence and failed to adequately supervise the recommendation and sale of illiquid, high-risk products. - The filing alleges the firm allowed misrepresentations, including repeated statements about the risks and liquidity of the investments. - The products at issue include Moody's REIT, other non-traded REITs, and GWG Holdings bonds, including GWG L-bonds. - The press release says these products were sometimes marketed with promises of steady income. - It says investors near retirement may have been drawn to that income stream while not fully understanding the material risks. - The release says these investments can lock up capital in opaque structures with little or no secondary market. - The release says investors may face steep losses if the issuer becomes distressed and the income stream is reduced or ends. - The firm is reviewing claims from investors who bought Moody's REIT or similar non-traded REITs through Ausdal Financial Partners. - The review also covers investors who were sold GWG Holdings bonds or GWG L-bonds. - The firm is also reviewing claims from investors told the products were safe, low-risk or comparable to traditional fixed income products. - The review includes investors who say they were not adequately informed about illiquidity, issuer risk or fee structures. - The firm says retirees, conservative investors and others may not have been suited for higher-risk alternative investments. - Haselkorn & Thibaut says it offers confidential, no-obligation consultations on a contingency-fee basis. - Investors can call 1-888-885-7162 or visit InvestmentFraudLawyers.com to request a review.

Between the lines: - The filing reflects a common investor-loss theory in brokerage disputes: that complex products were sold for income and stability, while the risks were understated. - The claim also points to supervision and due diligence as central issues, which can widen potential liability beyond the individual advisor. - Matthew Thibaut said broker-dealers have a duty to understand what they sell and to whom they sell it, and that the harm can be amplified when complex products are involved. - The firm highlights its securities-litigation background, including more than $520 million in cases and a 98% success rate, to signal experience handling these disputes.

What's next: - The FINRA arbitration process will determine whether the allegations have merit and whether damages are awarded. - The firm says it will continue reviewing investors who believe they lost money from broker negligence or unsuitable recommendations. - Investors who think they were sold similar products may pursue a case review and consult counsel about possible recovery options.

The bottom line: - The claim puts Ausdal Financial Partners' sales and supervision practices under scrutiny over allegedly risky non-traded securities that may have been sold as income-friendly investments.