Matthew Hiss Facing a GWG L Bond Dispute

Matthew Hiss (CRD #: 5386963), a broker registered with IFP Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 30, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 6, 2024, an investor alleged that Matthew Hiss improperly invested in high-risk, high-commission, illiquid alternative investment called GWG L Bonds. These investments were in his IRA account. Matthew Hiss allegedly misrepresented GWG L Bonds as safe investments and failed to conduct reasonable due diligence. 

GWG L Bonds suffered tremendous losses after a risky gamble on life insurance policies failed to produce returns. GWG Holdings has since filed for bankruptcy. 

The investor is seeking $125,941.71. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Matthew Hiss has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 10 states and is a registered broker in six states. 

Matthew Hiss has registered with the following firms: 

• IFP Securities (CRD #: 297287) 
• Independent Financial Partners (CRD #: 125112) 
• LPL Financial (CRD #: 6413) 
• Sterne Agee Investment Advisors (CRD #: 130888) 
• Stene Agee Financial Services (CRD #: 18456) 

Kurta Law Can Help 

If you have worked with Matthew Hiss and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.