Matthew Boehm Subject Of GWG L-Bond Arbitration Claim

Matthew Boehm (Matthew John Boehm CRD# 4418029) is a registered broker and investment advisor currently employed with Woodbury Financial Services, Inc. (CRD# 421) of East Peoria, IL. He was previously employed with Lion Street Advisors, LLC (CRD# 167610 as an investment advisor), and also of East Peoria, and Lion Street Financial, LLC (CRD# 165828, as a broker) of Peoria, and Woodbury Financial Services, Inc. (CRD# 421 as a broker and investment advisor) of Bonita Springs, FL. He has been both a broker and investment advisor throughout his career, which began in 2003.

Boehm has only one disclosure in this CRD, a recently filed customer dispute which is currently pending. Filed on 1/31/2023, the client is requesting damages of $75,000. The customer alleges they  purchased GWG Holding’s now-defunct L-Bonds from Boehm.

In August of 2022, she filed a securities arbitration, claiming that while at Lion Street Financial he sold her these L-Bonds. In the arbitration, she alleged misrepresentation and failure to supervise the suitability of GWG L-bonds. Lion Street Financial has sought to implead Boehm—bring him into the case—allegedly to settle the claim.

Florida Investors In L-Bonds From GWG Holdings

We’ve blogged about these risky, illiquid, and speculative investments. These are bets on life insurance policies purchased from original policyholders for cash and held until that policyholder dies. They were not intended for individual retail customers, but many brokers and broker-dealers highly recommended the L-Bonds to their clientele for a retirement income stream. Ultimately, it was alleged that the company was running a Ponzi scheme, with new investment money paying previous investors.

In April of 2022, GWG Holdings filed for bankruptcy, and the L-Bonds were rendered nearly worthless. With no secondary market to re-sell them, the holders were stuck with them, unsure of whether they could recover any of their funds. Many defrauded investors have sought FINRA arbitration actions against the brokers and broker dealers who sold the L-Bonds.

Contact Silver Law Group If You Have Losses With GWG L Bonds

If you invested in L Bonds from GWG Holdings, contact Silver Law Group for a no-cost, confidential consultation at (800) 975-4345 or by email at ssilver@silverlaw.com.

Silver Law Group is a nationally recognized law firm with experience representing investors in securities arbitration and investment fraud cases. Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. Our attorneys represent investors nationwide. Most cases are handled on a contingency fee basis, so nothing is owed unless and until we recover your money for you.