Currently registered broker and investment adviser, Ann Louise Werts (also known as Ann Louise Gilmore, Ann Louise Howard, Ann Louise Vanderslice, Ann Vanderslice, and Ann L Werts), is subject to multiple customer dispute disclosures alleging breach of fiduciary duty, unsuitable recommendations of GWG L-Bonds, and negligence, among others, according to her Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding Werts’ customer dispute disclosures. Investors who are concerned about their investments with Ann Werts may contact Alan Rosca for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our website.
Werts Is Subject of Multiple Customer Dispute Disclosures
Two customer dispute disclosures were reportedly received in March of 2023. A customer dispute disclosure dated March 2nd alleged negligence, misrepresentation, breach of fiduciary duty, among others, relating to the purchasing of GWG L-Bonds (Case #: 23-00402). $50,000 was requested in alleged damages. Another customer dispute disclosure was allegedly received on March 7th and it alleged unsuitable recommendations, breach of fiduciary duty, and misrepresentation, among others (Case #: 22-02512). $50,000 was requested.
Broker Werts reportedly was subject to two customer dispute disclosures reportedly received by her former employer in November of 2022, according to her Brokercheck Report. A customer dispute disclosure allegedly received on November 8th alleged negligent misrepresentation, breach of contract, and breach of fiduciary duty, among others, relating to GWG L-Bond investments (Case #: 22-01969). Another customer dispute disclosure dated November 17th alleged breach of contract, vicarious liability, and breach of fiduciary duty, among others, in connection to GWG L-Bond investments (Case #: 22-01460).
Concerned about investments with
A customer dispute disclosure was allegedly received in September of 2022 (Case #: 22-01016). The claimant alleged lack of due diligence and unsuitable investments in regard to investments in GWG L-Bonds and requested $250,000 in alleged damages.
In July of 2022, two customer dispute disclosures were reportedly received. A customer dispute disclosure dated July 1st alleged unsuitable recommendations, fraudulent concealment of material facts, and negligence, among others, in connection with investments in GWG L-Bonds and various annuity products. The claimant reportedly requested $300,000 (Case #: 22-01373) and the dispute shows as settled for $270,000, of which $135,000 is reported as “Individual Contribution”.
Another customer dispute disclosure allegedly received on July 8th alleged breach of contract, vicarious liability, and violations of regulation best interest, among others, relating to investments in GWG L-Bonds (Case #: 22-01540). $1,157,000 was requested in alleged damages.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by Ann L. Werts, the Brokercheck report does not appear to indicate whether she was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed her at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Ann Werts Has Been a Registered Broker Since 2006
According to her Brokercheck, Ann Werts has been registered as broker with Madison Avenue Securities, LLC, located in Lakewood, Colorado, since 2021. She additionally has been registered as an investment adviser with AE Wealth Management, LLC, based in Lakewood, Colorado, since 2021.
From 2009 to 2021, Werts reportedly was employed as an investment adviser with CL Wealth Management LLC, in its Denver, Colorado office. Werts allegedly was a broker with Cabot Lodge Securities LLC, in Denver, Colorado, from 2013 to 2021.
Werts reportedly served as a broker for Allied Beacon Partners, Inc., located in Denver, Colorado, from 2010 to 2013. FINRA expelled the firm in December of 2013.
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Potential Compensation Claims for Concerned Werts Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and is currently investigating circumstances surrounding currently registered broker and investment adviser Ann Werts’ customer dispute disclosures alleging unsuitable recommendations, negligence, and breach of fiduciary duty, among others.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment lawyer and sometimes adjunct professor of securities regulation, has over 14 years of experience representing investors who have experienced investment loss due to broker misconduct.
Investors who are concerned about their investments with Ann Werts may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our website.
