GWG L Bonds Investors Loss Recovery Options

GWG Holdings, Inc., an alternative asset firm, filed for Chapter 11 bankruptcy protection on April 20, 2022. This left many investors in GWG L Bonds with large gaps in their portfolios. GWG Holdings has been in trouble for some time. This announcement comes at a time when it is already facing serious financial difficulties. It failed to file required annual regulatory filings and owed investors $13.6million towards principal repayments and interest. It has been under scanner by the Security and Exchange Commission since 2020.

Haselkorn & Thibaut is a national law firm that specializes in investment fraud. They have opened a fraud investigation into the sale of GWGL L Bonds to financial advisors and their brokers-dealers. Emerson Equity and Centaurus Financial, Cabot lodge Securities, Aegis Capital and Center Street Securities, International Assets Advisory. NI Advisors. M Stevens Securities.

For a quick and free consultation with a real investment fraud lawyer, call 1-888-614-93556. This will help you understand how GWG’s bankruptcy action affects your individual investment loss recovery options, including possible securities fraud lawsuits or FINRA claims.

GWG L Bonds

GWG L Bonds are not suitable for retail investors who don’t have the necessary knowledge and skills. They are illiquid, risky, and speculative. Brokers may have used misrepresentations or omissions about the risk to sell their products.

SEC initiated the subpoenaing of broker-dealers that had sold these bonds or signed up to sell them in December 2021. This contributed to the low sales volume because many network partners resisted the request after SEC showed interest. GWG has offered an explanation for this, stating that the investigation by SEC led to their firm’s collapse. Their liquidity problems were caused by the suspension of L Bond sales April 2021. This was necessary to address the regulatory issues.

GWG L Bonds’ total sales reached $1.6 billion. InvestmentNews quoted an anonymous investor who wondered if 30% of the investment value could now be realized after GWG’s collapse.

Emerson Equity, LLC was the managing broker of these bonds. The bonds were sold both directly and through a network made up of approximately 145 brokerage firms. Commissions earned on sales were high. This is why many brokerage firms pushed sales to seniors and retirees without regard to regulations and prudence.

GWG L Bonds: Investment Loss Recovery

Haselkorn & Thibaut (InvestmentFraudLawyers.com) has a successful history of supporting investors in junk bonds to file claims and recovery of losses, against some of the biggest firms on Wall Street. Many firms were suspected to have been involved in the sale of these bonds. Our high-yield bond lawyers are currently investigating them.

This list includes, but not limited to Emerson Equity and Centaurus Financial as well as Cabot Lodge Securities and Aegis Capital.

Center Street Securities and NI Advisors have been the subject of arbitration claims by the Financial Industry Regulatory Authority ( FINRA ). These claims were brought on behalf L bond investors by the Financial Industry Regulatory Authority ( FINRA ).

If you have lost money as an L Bond investor, we recommend that you contact our lawyers for a private consultation at 1888-902-6872.

from lawyers.buzz https://lawyers.buzz/gwg-l-bonds-investors-loss-recovery-options/
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