Hillard Charles Rest of Newport Beach, California, a stockbroker registered with JRL Capital Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Rest breached his fiduciary duties, made misrepresentations and omissions of material fact, in violation of FINRA rules in connection with the recommendation and sale of GWG Class L Bonds. FINRA Arbitration No. 22-01426 (June 23, 2022).
This is not the first time that Rest has been referenced in a customer initiated investment related dispute concerning Rest’s conduct in the securities industry. FINRA Public Disclosure shows that Rest is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $290,000.00 in damages based upon allegations that Rest breached a fiduciary duty, made misrepresentations, made omissions, made unsuitable transactions, violated securities laws, failed to supervise, and was negligent concerning the recommendation and sale of GWG Class L Bonds when Rest was associated with JRL Capital Corporation. FINRA Arbitration No. 22-00962 (May 3, 2022).
Hillard Rest has been associated with JRL Capital Corporation since March 7, 2013.
