Zamansky LLC Investigates Sales of L Bonds of GWG Holdings Inc. (GWGH) by Emerson Equity LLC to Investors
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 firstname.lastname@example.org, for an evaluation of whether you were the victim of possible securities fraud, investment fraud, misrepresentation, breach of fiduciary duty and other sales violations.