After a series of events including an SEC investigation, GWG Holdings was unable to make its interest payments on January 15, 2022, totaling $10.35 million and principal payments totaling $3.25 million. The company also ceased sales of the L Bonds on January 10, 2022, and ultimately declared Chapter 11 bankruptcy in April of 2022.
This left investors stranded. They can’t sell the bonds. L Bonds investors are now left wondering what will happen, and if they’ll ever get any money back.
Because the GWG L Bonds were private investments, they were never intended for average investors, especially retirees. Knowing that these investments were likely unsuitable, or over-concentrating a portfolio in these risky investments, your broker, investment advisor, and their firms may be liable for your losses.
How Can SecuritiesFraudAttorneys.Com Help?
We represent investors from all over the country and help them fight back against misconduct by those licensed in securities. From dishonest stockbrokers to defending victims of elder financial fraud, Silver Law Group can help with:
- Stockbroker misconduct and FINRA arbitration with brokers and their brokerage firms
- Class action lawsuits against companies
- Investment/securities fraud
- Real estate investments
- Violations of sales practices
- SEC Whistleblower claims
- Commodities disputes
- Commercial disputes
- Ponzi schemes
- Other securities and investment disputes, such as SPACs
If you’ve lost money by investing in GWG Holding’s L Bonds and aren’t sure what to do next, we strongly suggest you get in touch today. Silver Law Group is representing investors in FINRA arbitration against brokerage firms that sold GWG Holdings L Bonds.
Why You Should Hire A Securities Fraud Attorney
Securities law is a highly specialized field, which not all attorneys are familiar with. If you’ve lost money, the idea of spending more is probably not appealing. Our firm takes most cases on a contingency fee basis, meaning it costs nothing to hire us and nothing is owed unless we recover your money for you.
Did You Invest With GWG Holdings?
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.