Investment Lawsuit

Western International Securities Along with 5 Brokers Charged for Reg BI Violation in GWG L Bond Sales

Steven Graham, Thomas Swan, Nancy Cole, Patrick Egan, and Andy Gitipityapon, all registered representatives of Western International Securities (WIS), a registered broker-dealer, have been charged for their violation of Regulation Best Interest (Reg BI) by the Securities and Exchange Commission (SEC). The broker-dealer has also been charged. The charge relates to their recommendation and sales […]

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GWG L Bonds Recovery Options For Investors

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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Allianz Structured Alpha: Allianz SE Pleads Guilty and Agrees to Pay $5.8 Billion

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

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Are L Bonds a Good Investment?

Are L bonds a good investment? The short answer is that L Bonds are not a good investment for most investors due to the risk and lack of liquidity. The current value on the secondary market is 20-30 cents on the dollar. Meaning GWG L Bonds lost over 70% of their value. If you haven’t

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Medley Management Fined $10M and given Cease and Desist

Brook Taube and Seth Taube, former co-chief executive officers of Medley Management, are currently facing charges brought against them by the Securities and Exchange Commission (SEC). These charges allege that they deliberately created an “illusion” of future growth by making misleading statements to investors and clients. The SEC has taken action to hold them accountable

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