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Donald J. Everhart

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    06/30/2025: In October 2020, Everhart recommended that a retail customer invest in GWG L Bonds, which were speculative, unrated corporate bonds. Everhart's recommendation resulted in at least 40% of the customer's net worth, not including primary residence, being invested in GWG L Bonds. This recommendation was not in the customer's best interest based on her investment profile, and Everhart therefore willfully violated Rule 15/-l(a)(l) under the Securities Exchange Act of 1934 (Reg BI) and violated FINRA Rule 2010. For these violations, Everhart is suspended for three months in all capacities, fined $7,500, and ordered to pay $100,000 in partial restitution plus interest.

    Reference 2022074296701finra.orgdata-portal.finra.org

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