GWG, HOLDINGS, INC. L-Bond Investors

(June 6, 2022, San Diego, CA) The securities fraud and elder financial abuse law firm of Richard A. Nervig, P.C. is investigating and offering free initial consultations to investors who purchased L-Bonds issued by GWG Holdings, Inc. (“GWG”).    

On April 20, 2022 GWG Holdings, Inc. filed for Chapter 11 bankruptcy.    Prior to the bankruptcy, GWG issued and sold in excess of $1.2billion worth of debt securities known as L-Bonds to individual investors including retirees and other individuals saving for retirement.   See, SEC L-Bond Prospectus.

GWG’s L-Bonds were speculative and unrated debt obligations issued for the primary purpose of funding GWG Holdings’ payment of interest and principal to previous investors.    Further according to court records and SEC filings, GWG has failed to file required audited financial statements and have been under SEC investigation since 2020. 

GWG investments were recommended and sold by securities sales people and their brokerage firms.    The salesperson that recommended and sold your GWG investment was required to comply with the rules of the Financial Industry Regulatory Authority (FINRA), and state and federal securities laws.  These rules forbid salespersons and their firms from recommending investments that are not suitable for your investment needs and from selling investments without making full disclosure of all facts necessary for you to make a sound investment decision.         

Salespersons and their firms are required by FINRA to arbitrate investment loss claims by investors such as yourself. FINRA arbitration is quick and inexpensive.  Filing a claim with FINRA will have no effect on your right to file a claim in the GWG bankruptcy.   Most securities arbitration cases are settled or otherwise resolved within 9 to 14 months after filing.

If you suspect that your GWG investment may not have been appropriate for your investment needs and/or you suspect that you may not have been given all of the facts necessary for you to make a sound investment decision, we would like to speak to you.      If you are a GWG investor and are interested in learning more about your legal rights and remedies, please contact Richard A. Nervig (info@nerviglaw.com) at (760) 451-2300. If you email, please include your phone number.  Also see our website at: www.nerviglaw.com.