There are currently several Class Action lawsuits and FINRA claims against GWG Holdings, as well as against Beneficent Fiduciary Financial LLC, Emerson Equity, and multiple broker-dealers. These lawsuits are related to the company’s problems with liquidity and sales suitability to investors. With nearly 17000 investors, we expect GWG holdings lawsuits to surge in the coming …
Investors File GWG Holdings Lawsuits and Litigation Read More »
TBI is not an isolated event. Side effects include chronic cardiovascular, neurologic, and endocrine comorbidities. Comorbidity is a medical condition where two diseases or conditions coexist. TBI is very common among veterans who served in the military. It won’t go away by itself. It doesn’t respect the rules, and it doesn’t make life easier for anyone. The most recent JAMA …
Traumatic Brain Injury (TBI) May Signal Long Term Issues Read More »
FINRA today announced that Merrill Lynch, Pierce, Fenner & Smith, Inc. has been ordered to pay $15.2 million in restitution to thousands of customers who purchased class C mutual fund shares, even though Class A shares were significantly cheaper. Mutual fund issuers offer a variety of classes of mutual funds shares, including Class A shares …
FINRA Fines Merrill Lynch, Pierce, Fenner & Smith $15.2 Million Read More »
Before GWG Holdings Inc. defaulted on its L Bonds, the company encountered several financial issues. In October 2020, the Securities and Exchange Division of Enforcement sent it a subpoena. The company delayed its filing of a 10-K with the SEC and later stopped selling its L Bonds. In the meantime, the SEC’s Office of the …
GWG Holdings, Inc., an alternative asset firm, filed for Chapter 11 bankruptcy protection on April 20, 2022. This left many investors in GWG L Bonds with large gaps in their portfolios. GWG Holdings has been in trouble for some time. This announcement comes at a time when it is already facing serious financial difficulties. It failed to …
If you’ve been recently paying attention to the news, you’ve likely heard about the GWG Holdings bankruptcy. While this company is best known for selling life settlements and L Bonds, it filed for bankruptcy in 2022. In addition, GWGH has not paid any interest or redeemed any L Bonds as of 2022. So what can …
Investors File Lawsuits to Recover Losses From GWG Holdings Bankruptcy Read More »
If you spend money from your checking account, your bank or credit union might charge you an NSF Fee According to Investopedia fees and other fees charged to banks can be a source of disagreement between banks, consumers, and banks. Customers claim that banks deceive customers by charging multiple NSF fees or high fees to cover …
More bad news for GPB Capital Holdings investors hit this week as 2 broker-dealers were penalized by the Financial Industry Regulatory Authority (FINRA). Dempsey Lord Smith and BD4RIA Inc. for selling negligence to GPB Capital Holdings private customers. This was due to GPB’s inability to audit financial statements for high-risk, high-commission investments. Both broker-dealers accepted FINRA’s …
GPB Capital Sales Cost Broker-Dealers With FINRA Fines Read More »
Wednesday’s benchmark interest rate increase by the Federal Reserve was a quarter of a point. Plans for aggressive “ongoing increases,” in the months ahead, were laid out by the Federal Reserve. The Fed plans to abandon its two-year-old stimulative policy stance, which helped cushion the economy during the pandemic. The Fed sees its policy rate at …
Charlie Nunn, CEO of Lloyds Banking Group, has started a shakeup of the bank’s top staff and internal structure in preparation for implementing a strategy he revealed last month. According to an internal memo, the bank will divide its three units into five in accordance with the plan. This was revealed by Reuters on Tuesday. …
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