Ryan Wieser, a financial advisor at Moloney Securities (CRD# 4940639), has recently come under the microscope due to his alleged connections to the notorious GWG L Bonds. According to U.S. bankruptcy court public records, at least one current or former client, now a creditor, appears to have invested in these infamous bonds. The investment amounts to $100,000, unmasking financial transactions that could potentially lead to more significant complications.
If you recall, the Wall Street Journal spotlighted Dallas-based alternative asset manager GWG Holdings in April 2022. This company was responsible for creating the infamous “GWG L bonds.” These bonds can be equated to a financial “Pandora’s box” for investors. They were built on a high-risk strategy that involved buying life insurance policies on the secondary market and then waiting for the policyholders’ demise to collect.
However, GWG’s time in this business was short-lived. After raising an impressive $1.6 billion, primarily from individual investors, they hit a financial wall in 2022, leading to a Chapter 11 bankruptcy filing. In the midst of this financial chaos, it was revealed that the Securities and Exchange Commission (SEC) had initiated an investigation into GWG’s business practices.
This high-stakes world of GWG L bonds turned out to be like quicksand for many, trapping even the most conservative investors. Amid this financial disaster, the critical question that emerges is: what is Ryan Wieser’s role in these risky investments?
Despite his 18-year tenure in the field, Wieser’s involvement with the GWG L Bonds raises questions. Wieser kicked off his brokerage career in 2005, transitioning into an investment advisor role in 2016, and operates out of Manchester, Missouri. He holds a variety of licenses, including the General Securities Principal Examination (Series 24), the General Securities Representative Examination (Series 7), the Securities Industry Essentials Examination (SIE), the Uniform Securities Agent State Law Examination (Series 63), and the Uniform Investment Adviser Law Examination (Series 65). But what does this all mean in relation to his dealings with the GWG L Bonds?
In the wake of this crisis, where investor trust may have eroded, the immediate task is to seek recovery of losses. Haselkorn & Thibaut, a law firm, has successfully represented nine clients in claims against their financial advisors linked to investments in the distressed company GWG Holdings Inc.
If you or a loved one have suffered financial loss due to investments in GWG L bonds, know that you are not alone in this turbulent situation. Haselkorn and Thibaut stand ready to navigate you to safer waters. Don’t hesitate to contact us at 1-800-856-3352 for a free, confidential consultation. When it comes to your hard-earned investments, there’s no room for unnecessary risk. You deserve protection and justice.