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 [...]
GWG L-Bond Concerns Began Long Before SEC Investigates, Meanwhile Investors Were Still Encouraged to Buy
Nearly 27,000 retail investors who are owed approximately $1.6 billion were the last to find out about GWG Holdings, Inc.’s serious financial troubles.
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 once purchased, while also being aggressively auto-renewed. This combination of high risk and illiquidity should have meant that they [...]
GPB agrees to have an independent monitor oversee the firm’s operations before court forces the issue.
Dividend Reinvestment Plans (DRIPs or DRIP plans) are popular products for investors who wish to take advantage of compounded dividends, often (but not always) low fees, and easy-to-execute investing.This is how it works:DRIPs are offered either through brokers or directly from the dividend-paying company.When a dividend is distributed, it is automatically reinvested in the same [...]
When you’ve suffered investment losses due to a sudden market downturn or an asset that fails spectacularly, it is natural to feel like you need time to figure things out. You might hesitate because you feel like it’s your fault – because you didn’t understand the investment well enough, or that you should have been [...]
Leveraged Exchange-Traded Notes (ETNs) are complex financial products that do not own the assets they track. Banks purchase derivatives – often in the form of options – using borrowed money to increase returns by as much as two or three times. If an asset increases in value, the investor will receive two or three [...]
After the 2008 financial crisis, many investors began looking for investment opportunities that would allow them to “catch up” on losses suffered in retirement plans. With interest rates at historic lows, traditionally “safe” investments such as bonds offered little income. Banks and brokerages began to expand and advertise Exchange-Traded Notes (ETNs) as lucrative, steady payouts.Since [...]