David Goldstein Allegedly Misrepresented GWG L Bonds

David Goldstein (CRD# 1718066[1]), an advisor registered with WealthPlan Partners, misrepresented an investment in GWG L Bonds, according to an investor dispute. MDF Law is investigating the Rancho Mirage, California broker for similar conduct. Contact us if you have concerns about your accounts.

To learn more about Mr. Goldstein’s professional history and the allegations against him, continue reading. This post is based on a September 10, 2024 review of his BrokerCheck profile, a Financial Industry Regulatory Authority record. 

Pending David Goldstein Dispute Seeks 6-Figure Damages

In March 2024, an investor lodged a dispute alleging that Mr. Goldstein misrepresented a GWG L Bond[2] investment. The dispute, which is still pending, seeks $230,000 in damages. A “Broker Statement” included with the disclosure asserts that the customer’s total investment “was $50,000, not the $230,000 that was stated.” 

Past Disputes Alleged Negligence, Suitability Violations

The above-described pending dispute is not the only one in Mr. Goldstein’s professional history. Between 2012 and 2023, six parties of investors filed disputes that resolved with settlements. These claims detailed allegations of negligence, misrepresentation, unsuitable investment recommendations, and omissions of material facts regarding bond products. His current or former member firms settled the disputes for more than $250,000 in total.

Registered Principal at WealthPlan Partners

As WealthPlan Partners’ website[3] reflects, Mr. Goldstein is a registered principal at the firm. “David has always had a passion for this industry and enjoys helping individuals, families, and businesses to make sure their investments are there for them when they need them,” reads his professional biography. It continues, “David’s passion for what he does and how he helps individuals is so strong he says he will ‘never quit or retire’.”

FINRA: Osaic Broker Based in Rancho Mirage, California

David Goldstein kicked off his career as a broker in 1987, when he joined Municorp of California’s office in Woodland Hills, California. He went on to work with a number of firms over the years, including Gunnallen Financial, Securities America, Western International Securities, and Securities America. As for his current broker-dealer firm, Osaic Wealth, he joined it in 2022. Mr. Goldstein has also been registered with WealthPlan Partners, an investment adviser, in 2022, and works out of its Rancho Mirage, California office. With 36 years of experience as a broker, he has completed four industry exams, including the Series 24 and the Series 7.

MDF Law Offers Free Consultations

Did you lose money working with David Goldstein or WealthPlan Partners? MDF Law may be able to help you secure a recovery. Contact our experienced investment broker fraud attorneys at 800-767-8040 for a free consultation about your case. You may have a limited window to file a FINRA arbitration proceeding, so don’t delay: call MDF Law today.