COMPLY-Investors’ lawyers to tackle brokerage insurance mandate

When a couple that ran a Marietta, Georgia-based securities brokerage went bankrupt late last month, it caused a ripple effect. One of the people who expects to get soaked is Bruce Wilkerson, a former tackle for the Green Bay Packers who is trying to recoup about $650,000 from the couple and their firm, Resource Horizons Group LLC. Also likely to never see a dime are investors who were awarded $3.9 million by an arbitration panel in June, say some investors’ lawyers. The allegations in that case were similar to those in other cases against Resource Horizons and its owners: a broker at the firm ran a scam on the side and defrauded them. Resource Horizons and its owners failed to supervise the broker, the cases allege. The firm does not have enough cash on hand to pay the $3.9 million award, said its lawyer. More on Reuters here.