{"id":10306,"date":"2021-12-03T15:37:03","date_gmt":"2021-12-03T20:37:03","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10306"},"modified":"2021-12-03T15:37:03","modified_gmt":"2021-12-03T20:37:03","slug":"securities-and-exchange-commission-investigating-gwg-l-bonds","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/securities-and-exchange-commission-investigating-gwg-l-bonds\/","title":{"rendered":"Securities And Exchange Commission Investigating GWG 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=\"The Securities and Exchange Commission (SEC) is investigating GWG Holdings $2 billion L Bond, according to GWG\u2019s 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\u2019s products, L Bonds, and accounting.  GWG stated that it is currently not able to raise money, is losing money, and that the SEC\u2019s 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\u2019s 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.\" 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\" \/>The Securities and Exchange Commission (SEC) is investigating GWG Holdings $2 billion L Bond, according to GWG\u2019s annual filing in November, 2021 for the previous year.<\/p>\n<p>GWG Holdings (GWGH) is a Texas-based financial services firm that offers alternative investments, life insurance, and other services. <a href=\"https:\/\/www.silverlaw.com\/blog\/securities-and-exchange-commission-investigating-gwg-l-bonds\/#more-10306\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) is investigating GWG Holdings $2 billion L Bond, according to GWG\u2019s 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 \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1654,595],"tags":[],"class_list":["post-10306","post","type-post","status-publish","format-standard","hentry","category-bonds","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities And Exchange Commission Investigating GWG L Bonds &#8212;<\/title>\n<meta name=\"description\" content=\"The SEC is investigating GWG Holdings $2 billion L Bond, according to GWG\u2019s annual filing in November, 2021 for the previous year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/securities-and-exchange-commission-investigating-gwg-l-bonds\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/securities-and-exchange-commission-investigating-gwg-l-bonds\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Securities And Exchange Commission Investigating GWG L Bonds","datePublished":"2021-12-03T20:37:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/securities-and-exchange-commission-investigating-gwg-l-bonds\/"},"wordCount":519,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/securities-and-exchange-commission-investigating-gwg-l-bonds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg","articleSection":["Bonds","Investment 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