{"id":21612,"date":"2022-02-02T05:00:17","date_gmt":"2022-02-02T11:00:17","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21612"},"modified":"2022-02-03T14:07:02","modified_gmt":"2022-02-03T20:07:02","slug":"gwg-holdings-l-bond-investor-payments","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investor-payments\/","title":{"rendered":"GWG Holdings Misses $13.6M in Payments to L Bond Investors"},"content":{"rendered":"

Hundreds of Broker-Dealers May Have Sold Up to $2B of High-Yield Junk Bonds\u00a0<\/span><\/h2>\n

InvestmentNews<\/em> reports that according to an industry insider, GWG Holdings may have issued up to $2B of <\/span>high-yield junk bonds<\/span><\/a> in recent years. While Emerson Equity is the managing broker-dealer for the GWG Issuer, there may have been hundreds of other broker-dealers that also sold L-Bonds to investors.\u00a0<\/span><\/p>\n

In a January 15, 2022 filing with the US Securities and Exchange Commission (SEC), GWG disclosed that it hasn\u2019t been able to issue $13.6M in principal payments and interest that it owes to L Bond investors. The Dallas-based alternative asset manager has a 30-day grace period to complete the payments or risk default.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Hundreds of Broker-Dealers May Have Sold Up to $2B of High-Yield Junk Bonds\u00a0 InvestmentNews reports that according to an industry insider, GWG Holdings may have issued up to $2B of high-yield junk bonds in recent years. While Emerson Equity is the managing broker-dealer for the GWG Issuer, there may have been hundreds of other broker-dealers […]<\/p>\n","protected":false},"author":2,"featured_media":21613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4043,4025],"tags":[4684,3566,4685],"class_list":["post-21612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-investments","category-highyield-bonds","tag-gwg-holdings","tag-junk-bonds","tag-l-bonds"],"yoast_head":"\nGWG Holdings Fails to Pay $13.6M to L Bond Investors<\/title>\n<meta name=\"description\" content=\"GWG Holdings owes its L bond investors up to $13.6M in principal payments and interest. 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