Are You A WestPark Capital Customer Who Suffered Losses In GWG L Bonds?

Published on: July 25, 2026 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Orders Broker-Dealer To Pay $345K in Restitution For Failing To Supervise The Selling of This High-Risk Junk Bond

FINRA ordered brokerage firm WestPark Capital to pay $345,000 in restitution and a $175,000 fine for failing to reasonably supervise the sale of high-risk GWG L Bonds to customers. Following GWG Holdings’ bankruptcy and the exposure of a $1.6 billion Ponzi scheme, law firm Shepherd Smith Edwards and Kantas is encouraging affected investors to file FINRA arbitration claims to recover their losses.

If you are a GWG L Bond investor who suffered losses while working with a WestPark Capital broker, you should contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Already, we have filed a six-figure investment loss recovery claim against this brokerage firm on behalf of a Florida senior.

GWG L Bond Lawyers

Published on: June 29, 2025 | by Shepherd Smith Edwards & Kantas, LLP

GWG Investor In Florida Sues WestPark Capital for Up to $500K

Broker Scot Barringer Is Also a Respondent in Six-Figure L Bond Loss Recovery Lawsuit

Shepherd Smith Edwards and Kantas GWG L Bond Lawyers (investorlawyers.com) are representing a Florida senior over portfolio losses she sustained in GWG L Bonds. The respondents in the FINRA arbitration claim are broker-dealer WestPark Capital and its former financial advisor Scot Barringer.

GWG Bond Loss Attorneys

Published on: April 28, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Moloney Securities Under Scrutiny By State Regulators. Our GWG Bond loss attorneys Are Representing Investors Against This Firm

Last month, Moloney Securities Co. reported in its report with the US Securities and Exchange Commission (SEC) that it is facing inquiries by different state regulators. This disclosure comes just six months after the regulator reached a $316K settlement with the broker-dealer for Regulation Best Interest violations related to the sale of GWG Holdings L Bonds. Three Moloney Securities brokers collectively paid $121K in disgorgement, interest, and penalties over this matter.

GWG is accused of selling more than $1.6B in high-risk supposed life settlement-backed bonds that have left thousands of investors, mostly retail investors and retirees, with serious losses. Meanwhile, dozens of brokerage firms earned hefty commissions from the transactions.

GWG L Bond Lawyers

Published on: May 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You A GWG Bondholder Hoping To Recover Your Losses from The Liquidation Proceedings? If Yes, Then Think Again

Our GWG L Bond Lawyers Are Helping Investors Sue Their Brokers

If you are a GWG Holdings investor who is wondering whether the alternative investment firm’s Chapter 11 bankruptcy plan is what will help you recover your losses, think again. Despite the recently submitted Summary of Treatment of Bondholders Under the Debtors’ Second Amended Joint Chapter 11 Plan, which claims that investors could end up recovering anywhere from 9%-100% on the face of the bonds—a range so broad that it isn’t really promising shareholders anything—your best chance for maximizing your financial recovery is to sue the broker-dealer that unsuitably sold you GWG L Bonds.