Investors who thought they were buying steady income through non-traded REITs and speculative bonds may now be staring at steep losses, and a new legal action is putting the spotlight on the broker-dealer that sold them. A FINRA arbitration claim has been filed against Ausdal Financial Partners, accusing the firm of failing to supervise the sale of complex, illiquid products to everyday investors.
JUNO BEACH, FL, UNITED STATES, October 8, 2026 /EINPresswire.com/ — Investors who purchased non-traded securities through registered FINRA broker-dealer Ausdal Financial Partners, including Moody’s REIT and speculative GWG bonds, may now have a legal avenue to recover their losses. Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has filed a FINRA arbitration claim on behalf of an investor alleging negligent supervision, due diligence failures, unsuitable recommendations, and misrepresentations tied to these non-traditional investment products.
The claim, formally titled Murrow v. Ausdal Financial Partners et al., FINRA Case No. 26-02240, names Ausdal Financial Partners and seeks damages specifically related to investments in non-traded real estate investment trusts and GWG Holdings bonds.
What the claim alleges
The FINRA arbitration alleges that Ausdal Financial Partners failed to conduct adequate due diligence and failed to properly supervise the recommendation and sale of illiquid, high-risk investment products. More specifically, the claim asserts that the firm allowed misrepresentations—and ongoing misrepresentations—about the risks and liquidity of these products to go unchecked.
Non-traded REITs, such as Moody’s REIT, and speculative unrated bonds like those from GWG Holdings are often marketed with promises of reliable income streams. For investors at or near retirement, that steady income can seem especially appealing. However, a financial advisor or FINRA broker-dealer may not always fully or properly disclose the material risks that accompany that promised income. In practice, these products are long-term, illiquid, and risky, locking investor capital into opaque structures with little to no secondary market. When the underlying issuer faces financial distress and the income stream is reduced or eliminated, investors can be left with steep losses and few exit options.
“Broker-dealers have a duty to understand what they sell and to whom they sell it. When that duty is ignored, investors absorb the loss, and these issues can be amplified when they involve complex investment products,” said Matthew Thibaut, securities arbitration attorney and one of the founding partners at the firm.
Who may be affected
The firm is now reviewing claims from investors who purchased Moody’s REIT or similar non-traded REITs through Ausdal Financial Partners. The review also covers investors who were sold GWG Holdings bonds or GWG L-bonds, those who were told these investments were safe, low-risk, or comparable to traditional fixed-income products, and those who were not adequately informed about illiquidity, issuer risk, or fee structures. Retirees, conservative investors, and others for whom higher-risk, non-traditional, complex alternative investments may not be suitable could now be facing losses or damages.
Haselkorn & Thibaut, P.A. offers confidential, no-obligation consultations to investors who believe they lost money due to broker negligence or unsuitable recommendations. The firm works on a contingency-fee basis, meaning clients pay nothing unless the firm obtains a recovery on their behalf.
Investors can call 1-888-885-7162 or visit www.InvestmentFraudLawyers.com to request a review.
The firm’s track record
Haselkorn & Thibaut, P.A. has been involved in over $520 million of securities cases, with a 98% success rate. Some lawyers in the firm are ranked in the Top 2% of attorneys nationwide by Martindale-Hubbell AV Preeminent, a peer-reviewed rating system, and all partners have been selected for inclusion in Super Lawyers. Jason S. Haselkorn and Matthew R. Thibaut are both former Wall Street defense attorneys who spent years representing large financial institutions before shifting their practice to advocate for individual investors.
Media contact
For more information or to schedule a confidential, no-obligation consultation, please contact:
Haselkorn & Thibaut, P.A.
Main Phone: +1 888-885-7162
Website: InvestmentFraudLawyers.com
Office locations
Florida (Main Office): 790 Juno Ocean Walk, Suite 501-C, Juno Beach, FL 33408. Tel: (561) 556-2203.
Arizona: Camelback Commons, 4742 North 24th Street, Suite 300, Phoenix, AZ 85016. Tel: (623) 244-6902.
New York: Park Avenue Center, 125 Park Avenue, 25th Floor, New York, NY 10017. Tel: (332) 286-4055.
North Carolina: 1903 North Harrison Avenue, Suite 200, Cary, NC 27513. Tel: (984) 422-3645.
Texas: 5100 Westheimer Road, Suite 200, Houston, TX 77056. Tel: (832) 558-7436.
About Haselkorn & Thibaut, P.A. / Investment Fraud Lawyers
Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, is a law firm devoted to representing victims of securities fraud, investment misconduct, broker negligence, and financial elder abuse. Founded by former Wall Street defense attorneys Jason S. Haselkorn and Matthew R. Thibaut, the firm uses their knowledge, experience, and familiarity with the financial services industry to aggressively pursue recovery for individual investors. The firm works on a contingency basis, and clients owe nothing unless a recovery is obtained. With offices in Florida, New York, Arizona, Texas, and North Carolina, the firm has been involved in over $520 million of securities cases and maintains a 98% success rate.
Legal notice
The sole purpose of this press release is to investigate how other similarly situated investors experienced any recommendations or sales of similar products from the same or similar FINRA broker-dealer firms that may have negligently or improperly researched, investigated, marketed, and sold investment products to investor clients. This includes but is not limited to the experience of such investors in terms of what they may have been advised, recommended, and investment strategies implemented that included these or similar investment products. This investigation also includes, but is not limited to, investigating supervisory issues including any approvals with such firms for sales of these investments to investor clients, as well as how these investments were presented to investor clients.
Matthew Thibaut
Haselkorn & Thibaut, P.A.
+1 888-885-7162
Why it matters: This case underscores the persistent risks that non-traded REITs and speculative bonds pose to retail investors, particularly those near retirement. When broker-dealers allegedly fail in their duty to supervise and disclose material risks, it can leave ordinary investors holding the bag for losses they never anticipated. The outcome of this arbitration could set a precedent for how FINRA handles similar claims against firms selling complex alternative investments.
