GWG Loss Attorneys

GWG L Bond Investors May Be Able To Seek Financial Relief Against Broker-Dealers

Our L Bond Loss Recovery Can Help Those Who Have Legal Grounds File Their FINRA Lawsuits

Shepherd Smith Edwards and Kantas GWG Loss Attorneys (investorlawyers.com) represent GWG Holdings investors whose broker-dealers unsuitably recommended and sold to them L Bonds that are now believed to be part of this alleged more than $1.6B Ponzi scam. If you are someone who suffered losses in these high-risk junk bonds, there is still time to explore your legal options and determine whether you have grounds for a claim.

Here is a partial list of brokerage firms our seasoned GWG Ponzi scam attorneys are suing on behalf of investors:

Western International Securities
Titan Securities
Centaurus Financial
Moloney Securities
SW Financial
Ausdal Financial Partners
NI Advisors
Newbridge Securities
Capital Investment Group
Newbridge Securities
Independent Financial Group
Arete Wealth Management
Center Street Securities
Infinity Financial Services
American Trust Investment Services
National Securities Corp.

We have filed multiple L Bond lawsuits against a number of these brokerage firms on behalf of claimants.

L Bond Losses Hit Investors, Who Were Blindsided By Risks and Fraud Allegations

At least 27,000 investors are believed to have left holding serious losses after GWG Holdings filed for Chapter 11 bankruptcy protection in 2022. GWG L bonds were illiquid, high-risk junk bonds that were primarily marketed by regional broker-dealers to retail investors, including retirees. The brokers that sold them earned commissions of around 8%, and many of them were also registered with investment advisory firms.

In April 2025, the US Department of Justice and the US Securities and Exchange Commission (SEC) filed fraud charges against GWG executives accusing them of defrauding GWG Investors of $43M through a scam involving the company Beneficient. Also in April, the GWG Wind Down Trust reported that for the year ending December 31, 2024, the Trust had sold almost all tangible assets with just $3M left.

Who knows how much, if anything, investors will get back from the GWG bankruptcy proceedings. But what they can do is pursue damages from the brokerage firms that made a lot of money by selling L Bonds to customers. This requires filing a FINRA arbitration claim against the broker-dealer, which is not something you want to do unless you have trusted GWG L Bond lawyers representing you.

Shepherd Smith Edwards and Kantas GWG Loss Attorneys are continuing to file L Bond loss recovery claims on behalf of investors. Earlier this year, our knowledgeable L Bond fraud lawyers secured a $174,507.98 FINRA award on behalf of a Florida investor. The claimant was a retiree and an inexperienced investor.

Many of the L Bond investors we represent have made similar allegations against the broker-dealers that sold them these too risky, likely fraudulent investments, including unsuitability, misrepresentations and omissions, due diligence failures, breach of fiduciary duty, failure to supervise, negligence, gross negligence, overconcentration, and more.

More L Bond Investors Secure FINRA Arbitration Awards

Earlier this month, broker-dealer LifeMark Securities Corp. lost a second GWG L Bond case after a FINRA arbitration panel awarded an investor $75K in compensatory damages plus $14K for expert witness costs.

The first claim, awarded two weeks prior, was granted to a family. It included $80K in compensatory damages, plus interest, and $47,000 in legal fees and costs.

Contact our GWG Loss Attorneys Today

We have been fighting for investors for decades in arbitration, mediation, and litigation. More than 90% of our clients have received full or partial financial recovery. When you work with us, know that you will receive robust securities representation and personalized attention.

Call our GWG Loss Attorneys at (800) 259-9010 or fill out this online form to schedule your free, no-obligation case assessment. There is still time to explore your legal options and, when warranted, file your own GWG loss claim for financial recovery.