Financial

Investors File GWG Holdings Lawsuits and Litigation

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 …

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Traumatic Brain Injury (TBI) May Signal Long Term Issues

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 …

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FINRA Fines Merrill Lynch, Pierce, Fenner & Smith $15.2 Million

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 …

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Investors File Lawsuits to Recover Losses From GWG Holdings Bankruptcy

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 …

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GPB Capital Sales Cost Broker-Dealers With FINRA Fines

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 …

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