David Harrison, Esq. and the Law Offices of David Harrison, P.C. (www.finra-arb.com) represent investors who have suffered losses in GWG L Bonds.  Dallas-based alternative asset firm GWG Holdings, Inc. (“GWG”) issued these high-yield speculative bonds from 2012 until April 2021.

GWG used brokerage firms and stockbrokers to distribute and pitch their L Bonds to senior citizens who sought fixed income without substantial risk of loss to principal.  Investors were told these L Bonds were safe and secure.

Despite the GWG bankruptcy filing, investors may have recourse against their brokerage firms who recommended the L Bonds.  Brokerage firms are obligated to conduct due diligence on securities before placing them on their sales platform.  In addition, brokerage firms and stockbrokers are bound to only recommend suitable investments to customers based on their investment objectives, risk tolerance, and current life situation.

Brokerage firms who may hold sold these speculative L Bonds securities are:

• Cabot Lodge Securities
• Capital Investment Group
• Centaurus Financial
• Coastal Equities
• Emerson Equity
• Landolt Securities
• Lion Street Financial (Stiba Wealth Management)
• National Securities
• Newbridge Securities
• Ni Advisors
• SW Financial
• Westpark Capital

More information about L Bonds can be found at the Investopedia at https://www.investopedia.com/terms/l/l-bond.asp#:~:text=An%20L%20bond%20was%20a,them%20on%20April%2016%2C%202021.

If you believe you are a victim of stockbroker abuse, contact David Harrison, Esq. at (310) 499-4732 or [email protected] for a free consultation to learn about your rights and legal recourse.