- Free Confidential Consultation: (720) 599-3505 Tap Here To Call Us
Anthony Saab Barred by FINRA | Recover GWG Losses – Texas Securities Attorney
Were You a Client of Anthony Saab in Dallas, Texas?
Have you lost money with Anthony Saab, a former Dallas-based financial advisor affiliated with The Fig Group and Sunbelt Securities? The securities fraud attorneys at Israels & Neuman are investigating recent regulatory action taken by FINRA against Saab related to his sale of alternative investments, including GWG L Bonds in Texas.
What Did FINRA Find About Anthony Saab?
According to a FINRA Letter of Acceptance, Waiver and Consent (AWC), Saab was under investigation for potentially violating securities rules when recommending high-risk alternative investments. His BrokerCheck report reveals a 2022 customer complaint involving GWG Holdings, which later filed for bankruptcy — resulting in severe losses for retail investors.
FINRA Bars Saab for Non-Cooperation
FINRA Rule 8210 mandates full cooperation from registered representatives during regulatory inquiries. Saab allegedly failed to comply with information requests, prompting FINRA to bar him permanently from the securities industry. Such a bar typically indicates serious concerns about advisor conduct or supervision.
Background: Anthony Saab and His Broker Affiliations
Anthony Saab was registered with The Fig Group from 2005 to November 2022, and with Sunbelt Securities from September 2022 until December 2024. Both firms are responsible for supervising the investment activities of their financial professionals. Saab worked out of a Dallas, Texas office. In addition to the GWG-related complaint, he was also involved in a 1995 customer dispute.
Can You Recover Losses from Fig Group or Sunbelt Securities?
Brokerage firms must reasonably supervise their representatives under FINRA and SEC regulations. If either The Fig Group or Sunbelt Securities failed to monitor Saab’s conduct, they may be liable for damages through a FINRA arbitration claim. Investors may be able to recover GWG-related investment losses or damages tied to unsuitable alternative products.
We Represent Investors in Texas and Nationwide
At Israels & Neuman, we help investors across the U.S. — including in Dallas, Houston, Austin, and San Antonio — who suffered financial losses due to broker misconduct, fraud, or unsuitable recommendations. If you invested in GWG L Bonds or other risky products recommended by Saab, we may be able to help you recover your money.
Contact a Texas Investment Fraud Lawyer Today
Call us today at (720) 599-3505 or (206) 795-5798 or complete our confidential contact form for a free case review.
Our securities attorneys have extensive experience with FINRA arbitration and investment loss recovery.
Disclaimer:
The content posted on this site represents the opinions of the author and should not be interpreted as statements of fact. No findings or legal conclusions have been made against any of the firms or individuals mentioned herein. This blog is provided for educational and informational purposes only and draws upon publicly available information from the internet. It is intended to offer a general understanding of legal topics and should not be considered legal advice.
Reading or using this blog does not create an attorney-client relationship between you and Israels & Neuman, PLC. If you are seeking legal advice, you should consult a qualified attorney licensed in your state. The opinions expressed here should not be relied upon as a substitute for competent legal counsel.
Important Notice:
This blog constitutes attorney advertising. It is not a news article, nor does it come from an independent or neutral news source or organization.