The poor performance of these investments reflects negatively on advisors, suggesting a conflict of interest and puts into question their legally required commitment to serve the best interests of their clients.
In our ongoing efforts to serve investors, Rose Law is representing individuals who purchased GWG L Bonds. These bonds were issued by GWG Holdings, Inc., which defaulted in 2022, significantly impacting numerous investors left holding worthless investments. [...]
As GWG Holdings continues to struggle, investors are left holding the bag on millions of dollars of its failed L bonds. Many of those investors should never have been invested in the risky bonds in the first place.
GWG L bond investors are facing significant losses as GWG Holdings navigates both bankruptcy and class action lawsuits. Despite the bonds offering high interest dividends, the GWG L Bonds were poorly secured, unlisted and unsellable [...]