WebJun 16, 2024 · The SEC’s complaint alleges that, between July 2024 and April 2024, Western and the brokers recommended and sold L Bonds to retail customers, many of whom were on fixed incomes and had moderate risk tolerances, despite the issuer, GWG Holdings, Inc., stating the L bonds were high risk, illiquid, and only suitable for … WebApr 4, 2024 · It had over $2B of total liabilities as of Sept. 30, including ~$1.3B of L Bonds, which pooled money from bond investors to buy life-insurance policies on the secondary market, the WSJ reported ...
Case Update: GWG Holdings L Bonds Fraud - Zamansky LLC
WebApr 20, 2024 · Asset Manager GWG Files for Bankruptcy as Risky Bond Sales Dry Up GWG has entered chapter 11 after raising $1.6 billion, mostly from individual investors, to invest in life-insurance policies and ... WebNov 14, 2024 · DALLAS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) (the “Company”), a financial services firm based in Dallas, Texas, … rowley street rochester ny
Barred broker latest to be focus of a GWG bond complaint
WebDec 9, 2024 · DALLAS, Dec. 09, 2024 (GLOBE NEWSWIRE) -- On December 1, 2024 GWG Holdings, Inc. (“GWG” or the “Company”) (OTC: GWGHQ) announced that it and its fellow debtors-in-possession in the Chapter ... WebMar 8, 2024 · The bad news concerning GWG Holdings is particularly stinging for many Iranian-Americans. This is because the bonds were heavily marketed to conservative investors in the Iranian-American ... WebFeb 9, 2024 · DALLAS, Feb. 9, 2024 /PRNewswire/ -- Dallas-based GWG Holdings, Inc. (NASDAQ: GWGH), a nationwide marketer of financial products and investments, is facing demands from the U.S. Securities and Exchange Commission to produce records covering the company's sales tactics, business practices, and failures to make required principal … rowley surveying sheffield