Investor Lawsuit Investigation – Alan Mason
The White Law Group is investigating potential securities claims involving former financial advisor Alan Mason (CRD#: 1302190), who was most recently affiliated with Bradley Woods & Co. and WestPark Capital, Inc. Mason reportedly has a history of regulatory actions and investor complaints stemming from unsuitable investment recommendations, including sales of GWG L Bonds.
Regulatory Actions Involving Alan Mason
In 2024, Mason consented to a two-month suspension, $5,000 fine, and disgorgement of commissions after FINRA found he violated Regulation Best Interest (Reg BI). According to FINRA, Mason recommended a senior retail client with a moderate risk tolerance invest over 20% of her liquid net worth in speculative GWG L Bonds—despite the bonds being considered high-risk, illiquid, and unsuitable for investors needing access to capital.
The Maryland Securities Commissioner subsequently revoked Mason’s agent registration for failing to respond to a show cause order related to his FINRA violations.
Customer Complaints and Settlements
Mason has been the subject of at least five customer disputes, several of which resulted in large settlements:
- In 2022, a GWG L Bond-related complaint settled for $250,000 after the investor alleged unsuitability, negligence, fraud, and breach of fiduciary duty.
- Another 2022 complaint citing improper recommendations settled for $33,200.
- Previous disputes include allegations of unauthorized and unsuitable trades, with settlements of $25,000 and $30,000 in 2009 and 2002 respectively.
- An earlier $50,000 settlement in 2000 followed claims of unauthorized trading.
Recovery Options for Investors
FINRA-registered broker-dealers like WestPark Capital are responsible for supervising their financial professionals. If a firm fails to detect and prevent misconduct—such as unsuitable recommendations or overconcentration—it may be held liable for resulting investor losses.
If you suffered losses investing with Alan Mason, you may be entitled to recover your damages through FINRA arbitration.
FINRA Arbitration vs. Class Action – Key Differences
Unlike class action lawsuits, FINRA arbitration provides investors with a faster and more tailored resolution process. Each case is evaluated individually, potentially resulting in a higher recovery for investors with strong claims.
Free Consultation with a Securities Attorney
The White Law Group has represented thousands of investors in FINRA arbitration claims across the country. If you invested with Alan Mason and have concerns about your investments, call 888-637-5510 for a free consultation.
To learn more, visit us at www.whitesecuritieslaw.com.
FAQs – Alan Mason
What were the allegations involving Alan Mason?
Mason was accused of recommending speculative, high-risk GWG L Bonds to a client whose profile did not support such investments. Regulators found this violated Regulation Best Interest.
Can I recover losses if I invested with Alan Mason?
Yes. Investors may be able to recover losses through FINRA arbitration if they were sold unsuitable investments or misled by their advisor.
How does FINRA arbitration work compared to a class action?
FINRA arbitration is an individualized legal process that typically moves faster than class action lawsuits. It allows investors to present unique facts and may result in greater compensation.
Last modified: July 14, 2025
