Stoltmann Law Offices is investigating Garry Savage, a registered broker with Wall Street Securities in Huron, Ohio. Mr. Savage was previously registered with Royal Alliance Associates in New York, New York from October 1993 until March 1995 and Securities America in Lavista, Nebraska from March 1995 until August 1995. He is currently registered with Wall Street Securities and has been since August 1995. The Financial Industry Regulatory Authority (FINRA) brought a complaint against Savage and Wall Street in 2013, alleging that between January 2012 and November 2012, Mr. Savage sold $2 million of Renewable Secured Debentures via GWG Holdings, Inc. and made approximately $95,000 from those sales. FINRA alleged that he made unsuitable recommendations to nine customers in the course of 19 separate sales totaling more than $2 million of Debentures. These are high-risk, illiquid investments, not suitable for all investors. FINRA also alleged that he oversaw 12 registered representatives across six branch locations and failed to establish and maintain a supervisory system that ensure his brokers were compliant with all applicable industry rules and regulations. These are all against securities laws.
Please call our securities law offices in Chicago today if you suffered losses with Garry Savage. His firm, Wall Street Strategies, may be responsible for losses because of its failure to reasonably supervise him. The call is free with no obligation. We take cases on a contingency fee basis. 312-332-4200.