{"id":12036,"date":"2026-08-10T12:45:20","date_gmt":"2026-08-10T16:45:20","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=12036"},"modified":"2026-08-10T12:45:20","modified_gmt":"2026-08-10T16:45:20","slug":"scott-silver-discusses-gwg-l-bonds-impact-on-elderly-investors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-gwg-l-bonds-impact-on-elderly-investors\/","title":{"rendered":"Scott Silver Discusses GWG L-Bonds\u2019 Impact On Elderly Investors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"Silver Law Group managing partner Scott Silver recently spoke with Investment News on the continuing impact of the failed GWG Holdings illiquid and speculative L-Bonds on defrauded investors. Included in these cases is elder financial abuse, particularly when brokers overstep their boundaries and become more involved in their client\u2019s life and financial affairs.\n\nIn the article, Scott referenced one of his clients, who was awarded compensatory damages and interest after being sold L-Bonds and other investments. He also loaned money to the broker who sold him the investments. In the arbitration action, the broker-dealers settled the claim while the advisor was found liable.\n\n\u201cWe are seeing a rise in elder financial fraud by brokers, primarily those working as independent contractors. Those brokers develop close relationships with senior clients and abuse that relationship by borrowing money or otherwise seeking a role in a client's estate, either as a beneficiary or a trustee to financially benefit themselves,\u201d Scott said.\n\nUnder FINRA Rule 3240, brokers are not allowed to borrow money from clients except under very tight restrictions, such as only from close relatives, with written permission from the firm.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Silver Law Group managing partner Scott Silver recently spoke with <em>Investment News<\/em> on the continuing impact of the failed GWG Holdings illiquid and speculative L-Bonds on defrauded investors. Included in these cases is elder financial abuse, particularly when brokers overstep their boundaries and become more involved in their client\u2019s life and financial affairs. <a href=\"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-gwg-l-bonds-impact-on-elderly-investors\/#more-12036\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group managing partner Scott Silver recently spoke with Investment News on the continuing impact of the failed GWG Holdings illiquid and speculative L-Bonds on defrauded investors. Included in these cases is elder financial abuse, particularly when brokers overstep their boundaries and become more involved in their client\u2019s life and financial affairs. Continue reading [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1678],"tags":[],"class_list":["post-12036","post","type-post","status-publish","format-standard","hentry","category-elder-financial-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott Silver Discusses GWG L-Bonds\u2019 Impact On Elderly Investors &#8212; Securities Arbitration Lawyers Blog &#8212;<\/title>\n<meta name=\"description\" content=\"Silver Law Group managing partner Scott Silver spoke with Investment News on the continuing impact of the failed GWG Holdings L-Bonds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-gwg-l-bonds-impact-on-elderly-investors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Scott Silver Discusses GWG L-Bonds\u2019 Impact On Elderly Investors &#8212; 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