Did your Aegis Capital broker recommend investing in GWG L Bonds? 

Did you suffer financial losses involving GWG L Bonds with Aegis Capital? If so, the investment fraud attorneys at the White Law Group may be able to help you by filing a FINRA Dispute Resolution claim. 

According to reports yesterday, GWG Holdings Inc filed for Chapter 11 bankruptcy protection after months of uncertainty and disappointment for investors.  

This comes after GWG failed to make $13.6 million in payments to GWG bondholders in January. 

According to a press release, GWG and its subsidiaries, GWG Life, LLC and GWG Life USA, LLC, have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas as part of a restructuring process.  

According to SEC filings, the company blames the Securities and Exchange Commission for its troubles, claiming that by investigating the sales practice of some of the 145 broker-dealer firms that sold the bonds, it harmed GWG’s reputation in the marketplace and prevented it from raising more capital through more GWG L bond sales. 

The company says in the filings that it “expects restructuring to strengthen its financial position and enhance the value of its assets.” 

To learn more, please see: GWG Holdings Files Chapter 11 Bankruptcy Protection after Missing Interest Payments to Investors. 

Aegis Capital Investor Lawsuits involving GWG L Bonds 

Aegis Capital is one of many regional broker-dealers who sold L Bonds to investors. If you suffered losses investing in GWG L Bonds with Aegis Capital and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation. 

Broker dealers are required to perform adequate due diligence on all investment recommendations they make. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience. 

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment, they may be liable for investment losses through FINRA arbitration. 

 The Financial Industry Regulatory Authority (FINRA) operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute. 

These claims are distinct from the class action filed directly against GWG Holdings and could be pursued concurrently. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. The firm represents investors in FINRA arbitration claims throughout the country. To learn more about the firm’s representation of investors, please visit www.whitesecuritieslaw.com. 

 To learn about our recent FINRA claim involving GWG please see:
FINRA Lawsuit filed against Emerson Equity LLC involving $2.5 Million in GWG Bonds 

To learn more about Aegis Capital please see:
Aegis Capital Corp. Hit with $2.8M for Excessive and Unsuitable Trades 

Aegis Capital Corp. Customer Complaints & Regulatory Actions