GWG Debentures Investigation

September 16, 2015

Salas Wang LLC is launching an investigation into brokers that sold GWG Debentures to their clients.  GWG Debentures are, according to a recent decision by the Financial Industry Regulatory Authority Office of Hearing Officers, unsuitable for many clients.  Specifically, the hearing officer found that:

In late 2012, FINRA’s preliminary investigation unit learned that dozens of FINRA member firms were using very aggressive marketing materials to sell securities issued by GWG Holdings, Inc. The marketing materials generally stated that the GWG securities provided very high yields as compared to certificates of deposit.

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The GWG Debentures were high risk securities suitable only for persons with substantial financial resources who could afford to lose their entire investment.

If you are an investor that lost money investing in GWG debentures, you may be able to recover your losses through FINRA arbitration or securities litigation.  You can contact Jeff Salas at 312.803.4963 or through the contact form below.

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