Why GWG L Bond Investors Should Contact An Experienced FINRA Arbitration Lawyer

The Importance of Filing Your Own FINRA Arbitration Case 

If you are an investor who has suffered losses in GWG L Bonds, you are likely trying to determine what to do next. Just because GWG Holdings has filed for bankruptcy protection doesn’t mean you stand to recover anything from these proceedings. This is why it is so important that you speak with a seasoned FINRA arbitration law firm so that we can help you explore your legal options with you.

Already, our FINRA arbitration attorneys at Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing many investors who suffered losses because their broker-dealers unsuitably recommended GWG L Bonds to them. These junk bonds were always too high-risk for retail customers and retirees. Yet these two types of investors are among the ones now needing to recover damages.

A List of the Latest Investment Fraud Claims We’ve Filed Against Broker-Dealers Over L Bonds:

  • An older Illinois couple allege that Arete Wealth Management brokers Joshua Dean Roger and Jack Daniel Burk (also Vice President of PFS Wealth Management) in Chicago took advantage of the fact that they were unsophisticated investors and unsuitably recommended L Bonds to them. They are requesting up to 6-figures in damages for their investment losses.


  • A Washington State investor contends that ex-Westpark Capital broker Brittany Danielle Slater-Gautreau, who is also Clarity Capital Partners’ Sr. VP of Wealth Management, was more concerned about earning commissions from selling GWG L Bonds than making sure that this customer’s retirement funds were safely invested. The claimant is seeking up to six figures in damages.


  • A California retiree who entrusted his retirement and inheritance to Securities America has now filed a FINRA lawsuit over his L bond losses.


  • An elderly, retired Delray Beach, Florida couple is accusing Newbridge Securities broker Michael Greenfield of allegedly misrepresenting and omitting the risks involving GWG L Bonds. Now, the two of them are requesting up to $500K in damages.

Not only is GWG Holdings dealing with huge financial woes, but also it remains under investigation by the US Securities and Exchange Commission (SEC). Visit GWG Holdings, Inc. and GWG Holdings L Bonds to find out more.

Why Might A FINRA Arbitration Claim Against Your Broker-Dealer Maximize Your Chances for Financial Recovery? 

While GWG Holdings might have issued the L Bonds, it was the dozens of regional broker-dealers throughout the United States that marketed and sold these illiquid, speculative high-yield bonds to customers. It now appears that many of these firms and their financial advisors neglected to properly apprise investors of all of the risks. They also allegedly may have made misrepresentations and omissions when disclosing information about L Bonds to them.

Brokerage firms are required to conduct the proper due diligence to ensure that not only is an investment safe for a customer but also that recommending the financial product is in a client’s best interests. When broker misconduct, broker negligence, or broker fraud contributes to an investor losing money, the latter may have grounds for a FINRA arbitration lawsuit to recover damages.

FINRA arbitration is where investors can seek to resolve their disputes and other claims against brokerage firms and financial advisors. It also allows a claimant to go after a broker-dealer for making unsuitable investment recommendations, or misrepresentations and omissions, that caused them to lose money.

You don’t want to file a FINRA arbitration lawsuit without knowledgeable broker fraud attorneys by your side who will advocate for your best interests while protecting your legal rights.

Working with a skilled FINRA securities arbitration law firm such as Shepherd Edwards and Kantas can increase your chances of obtaining a full financial recovery. Call (800) 259-9010 today.




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