GWG Holdings: Understanding Risks and Recovery Options for Investors
GWG L Bonds were high-yield, speculative securities tied to life insurance policies and private placements, sold by various brokerage firms, including Emerson Equity (managing broker-dealer) and Western International Securities. Marketed as alternative investments offering higher yields than traditional fixed income, these bonds carried significant risks: illiquidity, lack of transparency, complex valuation, and dependence on asset […]
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