Broker Eugene Thompson IV Has Four Disputes From GWG Holdings L-Bonds

Eugene Thompson (Eugene Cebron Thompson IV CRD# 4350479, aka Bron Thompson, EC Thompson IV) is a registered broker and investment advisor currently employed with Capital Investment Group, Inc. (CRD# 14752) of Dunn, NC. He was previously employed with Wells Fargo Advisors, LLC (CRD# 19616) of Wilmington, NC, as both a broker and investment advisor. He has been in the industry since 2001.

Thompson has five disclosures on his CRD, four of which stem from client investments in GWG Holdings L-Bonds.

Two were filed on 2/29/2024, and are currently pending:

• Client requests damages of $200,000, alleging violation of Regulation Best Interest, including breach of contract, breach of fiduciary duty, negligence, negligent representation, and failure to supervise.
• Client requests damages of $ $336,002.44, alleging violations of the NC Securities Act, as well as unfair or deceptive trade practices, fraudulent representation and breach of fiduciary duty.

A third dispute also related to GWG Holdings L-Bonds was filed on 10/6/2023, with requested damages of $100,000. The client invested $100,000 into L-Bonds in October of 2020, and alleges violations of Regulation Best Interest, breach of fiduciary duty and negligence. This dispute is also pending.

A fourth dispute filed on 7/12/2022 came from a client and her deceased spouse, who purchased $130,000 of GWG Holdings L-Bonds in February 2021 from Thompson, more than a year prior to the company’s bankruptcy filing. In June of 2023 the client filed civil litigation in Johnson County, North Carolina, and named Thompson, Capital Investment Group, Inc., and First Federal Bank, which was unaffiliated with the other defendants. The client included allegations of “breach of fiduciary duty, fraudulent misrepresentation, unfair or deceptive trade practices, constructive fraud, negligence by CIG, negligent supervision and retention by the firm, and negligence by co-defendant, First Federal Bank.” The client sought damages more than $25,000 for each defendant. This claim was settled for $95,000.

A fifth dispute, filed on 1/23/2017, alleging that Thompson misrepresented an investment product, was settled for $5,628.52.

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