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Did you lose money investing in GWG Holdings Inc. L Bonds? Our securities and investment fraud attorneys are representing investors on a contingency fee basis to help recover our clients losses.  Read more about our experience handling these types of cases at securitiesfraudattorneys.com.   Scott Silver, Esq, is the chairman of the securities fraud group of the American Association of Justice and a frequent author and speaker on investment fraud matters.  Silver Law Group is representing investors in claims against the broker-dealers who sold GWG L Bonds to investors. Claims to recover investment losses allege that the broker-dealers failed to conduct adequate due diligence on the investment, among other causes. Our securities fraud attorneys have already filed multiple FINRA arbitration claims.  If you're an investor who believed that the L bonds would be a benefit to your portfolio, you're not alone. Unfortunately, the highly touted L bonds Were neither publicly traded nor liquid, and highly risky.Did you lose money investing in GWG Holdings Inc. L Bonds? Our securities and investment fraud attorneys are representing investors on a contingency fee basis to help recover our clients losses. Read more about our experience handling these types of cases at securitiesfraudattorneys.com. Scott Silver, Esq, is the chairman of the securities fraud group of the American Association of Justice and a frequent author and speaker on investment fraud matters. Continue reading ›

If you were an investor in GWG Holdings L Bond series, you know by now that the company has filed for Chapter 11 bankruptcy. The company failed to pay its dividend considering its recent financial issues.

If you’re in the class of people who have invested in a product you believed would pay handsome dividends, you may be wondering what to do next. As an investor, there are a few options are available to help recover your losses. Continue reading ›

Silver Law Group represents several investors who purchased GWG L Bonds through brokerage firm Newbridge Securities.  Silver Law Group has filed securities arbitration claims on behalf of these clients seeking to recover investment losses caused by Newbridge’s recommendation to purchase L Bonds. Amongst other brokers at Newbridge recommending GWG L Bonds was Michael Whitaker, who operates in The Villages, Florida. Background On GWG L Bonds GWG Holdings is a Dallas-based financial services firm that offers a variety of services including life insurance and alternative investments. GWG sold billions of dollars worth of L Bonds over the past several years, and investors are now concerned about the status of these investments and the potential loss of principal. Generally speaking, L Bonds are a relatively new financial product that purportedly offers higher yields than typical publicly traded, fixed income bonds. The bonds are supposed to help finance the purchase of the policies but offer significant risk to the investors. According to a prospectus published by GWG for the offering of $2 billion of L Bonds, the bonds were sold with varying maturity terms ranging from 2 years to 7 years, with interest rates ranging from 5.50% to 8.50%. These bonds have significant risk and are not like traditional corporate bonds and other conservative investments.Silver Law Group represents several investors who purchased GWG L Bonds through brokerage firm Newbridge Securities. Silver Law Group has filed securities arbitration claims on behalf of these clients seeking to recover investment losses caused by Newbridge’s recommendation to purchase L Bonds. Amongst other brokers at Newbridge recommending GWG L Bonds was Michael Whitaker, who operates in The Villages, Florida. Continue reading ›

GWG L Bonds are a relatively new financial product that purportedly offers higher yields than typical publicly-traded, fixed-income bonds. These bonds have significant risk and are not like traditional corporate bonds and other conservative investments. Silver Law Group has been retained by investors to pursue securities arbitration claims against brokerage firms who recommended GWG bonds alleging that the brokerage firms due diligence was negligent, material risks were not properly disclosed or materially misrepresented to them or their account was improperly concentrated in GWG bonds and other illiquid alternative investments. Continue reading ›

Sources say that GWG Holdings is preparing to file Chapter 11 bankruptcy, which would likely lead GWG L Bonds investors to suffer a significant loss of their principal.  Silver Law Group currently represents GWG L Bonds investors in claims against the selling brokerage firm, and may be able to help you recover your L Bond losses. Please contact us at 800-975-4345 for a no-cost, confidential consultation.  GWG Holdings Inc. (GWGH) is a Texas-based alternative asset manager that sold $1.6 billion of L Bonds, which are bonds from a life insurance company that buys the policy back from the policyholder. GWG used regional broker-dealers and advisory firms around the country, such as Emerson Equity, to sell their L Bonds.Sources say that GWG Holdings is preparing to file Chapter 11 bankruptcy, which would likely lead GWG L Bonds investors to suffer a significant loss of their principal.

Silver Law Group currently represents GWG L Bonds investors in claims against the selling brokerage firm, and may be able to help you recover your L Bond losses. Please contact us at 800-975-4345 for a no-cost, confidential consultation. Continue reading ›

Silver Law Group and co-counsel have filed a class action lawsuit against GWG Holdings (GWGH) and several of its principals on behalf of investors who purchased L Bonds from the company. The complaint alleges violations of the federal securities laws.  Silver Law Group may be able to help you recover your GWG L Bonds investment losses. Contact us at 800-975-4345 for a no-cost consultation.  Multiple serious issues with GWG have caused investors in L Bonds to become concerned that they may lose a significant amount of their principal.  Already under investigation by the SEC and behind on financial reporting, in January, 2022 the Dallas, Texas-based financial services company announced in a form 8-K filed with the SEC that it would not pay investors dividends owed for January.  The 8-K also stated that GWG’s board of directors authorized management to hire a restructuring advisor, and its independent public accounting firm did not stand for reappointment. The price of a share of GWG’s stock started 2022 at $9.60 and has since dropped to as low as $2.36.Silver Law Group and co-counsel have filed a class action lawsuit against GWG Holdings (GWGH) and several of its principals on behalf of investors who purchased L Bonds from the company. The complaint alleges violations of the federal securities laws.

Silver Law Group may be able to help you recover your GWG L Bonds investment losses. Contact us at 800-975-4345 for a no-cost consultation. Continue reading ›

GWG Holdings is trying to avoid bankruptcy by looking for emergency financing following the resignation of its auditor, accounting problems, and missed debt payments to L Bond investors, according to an article in the Wall Street Journal.  Silver Law Group currently represents GWG L Bonds investors, and may be able to help you recover your L Bonds losses. Please contact us at 800-975-4345 for a no-cost, confidential consultation.  GWG L Bonds  GWG Holdings (GWGH) is a Dallas, Texas-based financial services company that offers life insurance and alternative investments. In 2021, GWG missed financial reporting deadlines, which caused NASDAQ to threaten to delist the company. The SEC is investigating GWG Holdings.GWG Holdings is trying to avoid bankruptcy by looking for emergency financing following the resignation of its auditor, accounting problems, and missed debt payments to L Bond investors, according to an article in the Wall Street Journal.

Silver Law Group currently represents GWG L Bonds investors, and may be able to help you recover your L Bonds losses. Please contact us at 800-975-4345 for a no-cost, confidential consultation. Continue reading ›

GWG Holdings, Inc. announced that it would not make dividend payments on its L Bonds for January 15, 2022 in a form 8-K filed with the Securities and Exchange Commission (SEC). The 8-K also stated that the company’s board of directors had authorized management to retain the services of a restructuring advisor regarding “evaluating alternatives with respect to its capital structure and liquidity.” Investors holding GWG L Bonds already had concerns about their investments, which may be in significant financial trouble. The SEC is investigating the company, which in 2021 missed key SEC filing deadlines, causing NASDAQ to formally notify the firm that it was not in compliance with listing requirements. In April, 2021, the company paused sales of their L Bonds. GWG’s stock has plummeted in recent days, trading as low as $4.50 as news about GWG’s issues have been disclosed. GWG Holdings, Inc. announced that it would not make dividend payments on its L Bonds for January 15, 2022 in a form 8-K filed with the Securities and Exchange Commission (SEC).

The 8-K also stated that the company’s board of directors had authorized management to retain the services of a restructuring advisor regarding “evaluating alternatives with respect to its capital structure and liquidity.” Continue reading ›

The Securities and Exchange Commission (SEC) is investigating GWG Holdings $2 billion L Bond, according to GWG’s annual filing in November, 2021 for the previous year.  GWG Holdings (GWGH) is a Texas-based financial services firm that offers alternative investments, life insurance, and other services.  The company has missed important SEC filing deadlines, and has not yet filed financial statements for the first 3 quarters of 2021, causing Nasdaq to threaten to delist the company.  The company had previously declined to comment when asked about an SEC investigation. Now they confirm that the commission is conducting an investigation and has subpoenaed information related to the company’s products, L Bonds, and accounting.  GWG stated that it is currently not able to raise money, is losing money, and that the SEC’s investigation is delaying its business plans and could damage its reputation and result in fines and legal costs.  A report from an external auditor said that GWG’s internal controls over its financial reporting showed insufficient accounting policies and led to restating financial statements.  GWG says it is cooperating with the investigation and that the SEC also asked about their financial reporting consolidation with Beneficient Company Group LP.The Securities and Exchange Commission (SEC) is investigating GWG Holdings $2 billion L Bond, according to GWG’s annual filing in November, 2021 for the previous year.

GWG Holdings (GWGH) is a Texas-based financial services firm that offers alternative investments, life insurance, and other services. Continue reading ›

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