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Zamansky LLC Investigates Sales of L Bonds of GWG Holdings Inc. (GWGH) by Emerson Equity LLC to Investors

August 9, 2021 Investigations

We are investigating potential legal claims on behalf of investors who purchased L Bonds of GWG Holdings Inc. (GWGH). GWGH issued $1 billion L Bonds to investors with maturities of two to seven years to finance its purchase of life insurance policies.  Recently, these L Bonds defaulted in paying interest, and GWGH ceased issuing new L Bonds.   The investigation concerns securities fraud, investment fraud, misrepresentation, breach of fiduciary duty and other sales violations towards L bondholders.

Reportedly, L Bonds were sold through an offering managed by broker-dealer, Emerson Equity LLC, as well as other brokerage firms that were part of the selling group.   These L Bonds were speculative investments due to the distressed financial condition of the issuer, GWGH.   These L Bonds were not suitable for conservative or even moderate investors, and totally inappropriate for retirees.  Emerson Equity LLC had a duty to make sure that any investor knew the risks associated with the L Bonds.

Are You Holding GWGH L Bonds? Contact Securities Fraud Attorney Jake Zamansky Today

If you purchased an L Bonds through Emerson Equity LLC or own shares of GWGH, you should contact securities fraud attorney Jake Zamansky at 212 742-1414, or by email at jake@zamansky.com, for an evaluation of whether you were the victim of possible securities fraud, investment fraud, misrepresentation, breach of fiduciary duty and other sales violations.