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. Decoding the GWG L Bonds Fiasco Various broker-dealers were negligent in the sale of GWG L Bonds. Broker-dealers should [...]
The official Committee of Bondholders of GWG Holdings Inc. has filed a legal motion in GWG’s chapter 11 case in support of L Bond investors and listing several serious allegations against GWG.
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 once purchased, while also being aggressively auto-renewed. This combination of high risk and illiquidity should have meant that they [...]