{"id":10130,"date":"2021-08-20T13:14:10","date_gmt":"2021-08-20T17:14:10","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10130"},"modified":"2022-01-21T10:51:45","modified_gmt":"2022-01-21T15:51:45","slug":"silver-law-group-investigating-gwg-holdings-l-bonds","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigating-gwg-holdings-l-bonds\/","title":{"rendered":"Silver Law Group Investigating GWG Holdings\u2019 L Bonds"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10054 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg\" alt=\"Silver Law Group recently wrote that it was investigating L Bonds offered by GWG Holdings, following GWG\u2019s temporary suspension of sales of L Bonds. In March 2021, GWG notified the Securities and Exchange Commission (SEC) that it could not timely file its Forms 10-K and 10-Q, which are annual and quarterly financial reports and company disclosures. GWG said it needed additional time to complete these financial statements and related disclosures. This prompted a deficiency letter from Nasdaq in April 2021. Background On GWG Holdings And L Bonds GWG Holdings (GWGH) 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 growing concerned about the status of these investments. Generally speaking, L Bonds are a relatively new financial product that purportedly offers higher yields than typical publicly traded, fixed income bonds. L Bonds are sold by life insurance companies that buy back the policies from policyholders. The bonds are supposed to help finance the purchase of the policies. 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 likely carry much higher risk than traditional corporate bonds and other conservative investments.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Silver Law Group recently wrote that it was investigating L Bonds offered by GWG Holdings, following GWG\u2019s temporary suspension of sales of <a href=\"https:\/\/www.silverlaw.com\/blog\/did-you-invest-in-l-bonds-offered-by-gwg-holdings\/\" target=\"_blank\">L Bonds<\/a>. In March 2021, GWG notified the Securities and Exchange Commission (SEC) that it could not timely file its Forms 10-K and 10-Q, which are annual and quarterly financial reports and company disclosures. GWG said it needed additional time to complete these financial statements and related disclosures. This prompted a deficiency letter from Nasdaq in April 2021.  <a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigating-gwg-holdings-l-bonds\/#more-10130\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group recently wrote that it was investigating L Bonds offered by GWG Holdings, following GWG\u2019s temporary suspension of sales of L Bonds. In March 2021, GWG notified the Securities and Exchange Commission (SEC) that it could not timely file its Forms 10-K and 10-Q, which are annual and quarterly financial reports and company [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[598,590],"tags":[],"class_list":["post-10130","post","type-post","status-publish","format-standard","hentry","category-alternate-investments","category-misrepresentation-and-omission-of-material-facts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group Investigating GWG Holdings\u2019 L Bonds &#8212;<\/title>\n<meta name=\"description\" content=\"GWG Holdings (GWGH) is a Dallas-based financial services firm that offers a variety of services including life insurance and alternative investments.\" 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