What You Should Know if You Invested in GWG L Bonds
If you are someone whose financial advisor recommended that you invest in GWG Holdings L Bonds, by now you likely know that the alternative asset firm has filed for Chapter 11 bankruptcy protection despite owing you and thousands of other investors millions of dollars in payments and interest. Visit GWG Holdings, Inc. and GWG L Bonds for more information.
You should also know that the chances of you obtaining a full financial recovery from any bankruptcy proceedings are highly unlikely. This is why you should immediately contact our seasoned security fraud lawyers to find out whether it makes sense to pursue a claim against the brokerage firm that sold you L Bond private placements.
Unfortunately, it has come to light that many broker-dealers failed to fully apprise customers of the risks involved in these illiquid, complex life settlement-backed bonds and/or didn’t tell them about GWG’s financial problems. The company remains under investigation by the US Securities and Exchange Commission (SEC) and there are allegations that bond repayments to investors were made in a Ponzi-like fashion.
Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) can help you explore your legal options. Already, our securities and investment fraud attorneys have filed dozens of Financial Industry Regulatory Authority (FINRA) arbitration claims on behalf of those who suffered L Bond losses. Many are older, retired investors.
Here are the latest GWG L bond loss cases we’ve filed for investors:
- A Retired Colorado widow alleges that Aegis Capital broker Henry Liu in Melville, New York did not take her financial needs into consideration when he allegedly unsuitably recommended L Bonds.
- A Groveland, Florida widow that sought conservative investments and instead suffered losses after DH Hill Securities broker Robert DeChick, also of Courtland Walker Financial Group in Clemont, FL, allegedly unsuitably sold her GWG L Bonds.
- Two older investors in Redlands, CA, who worked with former Centaurus Financial broker Deborah Anderson of Anderson Financial Management Group, are pursuing up to $500K in damages over their GWG L Bond losses. SSEK Law Firm has filed other L Bond investor claims against Centaurus, including one brought by other investors who also worked with Anderson.
Examples of other FINRA arbitration claims over L Bonds that SSEK Law Firm has filed for investment fraud.
GWG L Bond Investors – How Do You Recover Losses?
Why Work With SSEK Law Firm
For over 30 years, our highly experienced investment fraud attorneys have been fighting for investors like you. We have secured full or partial financial recovery for 90% of our clients. We have the knowledge, skills, and resources to give your GWG L Bond loss case the maximum chance of a full financial recovery.