Concerned about investment losses in GWG Holdings?
Are you concerned about investment losses with GWG Holdings, Inc.? If so, The White Law Group may be able to help you recovery your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
The White Law Group continues to investigate GWG Holdings, Inc. According to a prospectus,, GWG Holdings, Inc., through its subsidiaries, purchases life insurance policies sold in the secondary marketplace.
GWG Holdings has been offering up to $250,000,000 in Renewable Secured Debentures since 2012. This is a continuous offering with no minimum amount of debentures that must be sold before using any of the proceeds. The proceeds from the sale of the debentures are paid directly to GWG following each sale and will not be placed in an escrow account. The minimum investment is $25,000.
The prospectus also states that investing in GWG Holdings debentures may be considered speculative and involves a high degree of risk, including the risk of losing your entire investment.
According to a recent article in Investor Reporter, on the list of biggest losers in financial stocks was GWG Holdings, Inc. which was down 4.46% on December 7.
Broker’s that choose to sell high-risk debentures are required to perform adequate due diligence to determine if such investment is suitable for each individual client. Investment recommendations should be in line with the client’s age, investment experience, net worth, risk tolerance, investment objectives, and income.
When a broker overlooks suitability requirements or misleads a client, not only are they potentially liable for investment loss, the brokerage firm that employs such brokers may also be on the hook for losses.
If you invested in debentures issued by GWG Holdings Inc. and would like to discuss your litigation options with a securities attorneys, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.