GWG L Bonds Investor Alert: National investment fraud lawyers KlaymanToskes continues to investigate full-service brokerage firms that sold GWG L Bonds as the company files Chapter 11 on the bankruptcy
NEW YORK–(BUSINESS WIRE)–KlaymanToskes, a national investment fraud attorney, continues to investigate FINRA’s arbitration claims on behalf of GWG Holdings’ L-bond investors in light of the company’s bankruptcy filing in under Chapter 11 in April 2022. GWG Holdings, Inc. (NASDAQ: GWGH) is approximately $2 billion in debt and the company’s bankruptcy filings have identified more than 25,000 individual bondholders, excluding thousands of common stock holders and preferred shares held by the public of the debtor.
According to securities attorney Lawrence L. Klayman, Esq., “GWG’s network of approximately 145 brokerage firms and registered investment advisers that facilitated the L-bond sales had a duty to effect appropriate transactions due diligence ensure that they understand the nature of GWG L Bonds. Failure to conduct a reasonable investigation of these investment products results in liability and is a basis for a FINRA arbitration claim.
The sole purpose of this release is to investigate FINRA’s arbitration claims on behalf of GWG Holdings L Bonds investors. Investors experiencing losses greater than $100,000 in GWG L Bonds and those with information regarding the handling of their accounts at full-service brokerage firms regarding GWG L Bonds are encouraged to contact Lawrence L. Klayman, Esq. at 1-888-997-9956.
KlaymanToskes is a leading national securities law firm practicing exclusively in the area of securities arbitration on behalf of retail and institutional investors worldwide in large and complex securities matters. . The firm has recovered more than $230 million for investors in FINRA arbitrations. KlaymanToskes has offices in California, Florida, New York and Puerto Rico