Alternative asset firm GWG Holdings, Inc., filed for bankruptcy protection under Chapter 11 on the 20th of April, 2022, leaving a large number of investors in GWG L Bonds with gaping holes in their portfolios. This announcement comes even as GWG Holdings has been courting trouble for some time. It has failed to submit required […]
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Robert Turner, a former UBS financial advisor, based in Texas is being pursued by his one-time employer UBS for misappropriation of funds and causing losses exceeding $17 million in the accounts of 23 customers of the firm. The period of the alleged wrongdoing is a fairly stretched-out period lasting 24 years according to KWTX, based
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Brookfield managed private real estate trusts are set to acquire the publicly registered non-traded real estate investment trust (REIT), Watermark Lodging Trust, Inc. It will be an all-cash transaction and the price agreed is $3.8 billion, taking into account the assumption of debt as well as preferred equity. Unfortunately, many Watermark REIT investors will receive
Brookfield Finalizes Watermark Lodging Trust REIT Acquisition in Cash for $3.8B Read More »
Haselkorn & Thibaut are currently investigating Aegis Capital for several issues including the sales of GWG Holdings L Bonds and other investment products. It is alleged that financial advisors at Aegis Capital did several things including misrepresenting the true risk of the investment, overconcentrated the holdings of clients, and not properly supervising. In January, GWG
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After concealing the risks faced by a set of its fund managers that crashed during global market fluctuations, an Allianz Structured Alpha (SE) unit will plead guilty to wrongdoing and has agreed to pay $5.8 billion. Allianz Global Investors US, a fully owned subsidiary of the German insurer, shall admit guilt to a federal charge
Allianz Structured Alpha: Allianz SE Pleads Guilty and Agrees to Pay $5.8 Billion Read More »