GWG was pooling investors’ money to buy life insurance policies on the secondary market, with GWG promising that investors—buyers of the L Bonds—would see a profit when the policyholders died. However, even before GWG’s bankruptcy, the Securities and Exchange Commission (SEC) was rumored to be investigating the company.
Silver Law Group represents clients in petitions with Financial Industry Regulatory Authority (FINRA), a government-authorized not-for-profit organization that oversees U.S. broker-dealers. Silver Law is also requesting arbitrations to resolve disputes between its clients and the broker-dealers who sold the GWG investments.
An estimated 27,000 investors purchased L Bonds, with typical investors making an average investment of $45,000. According to The Wall Street Journal, many of the investors are elderly or retired.
The attorneys at Silver Law Group have recovered millions of dollars for their clients, in cases ranging from FINRA arbitrations to securities fraud class-action lawsuits.
If you have lost money due to an investment with GWG Holdings, don’t wait: Call the Silver Law Group. We are an experienced law team that specializes in investment fraud litigation—to help clients like you get the recovery you deserve. For a free, confidential consultation, send us an email or call us today at (800) 975-4345.