GWG Bankruptcy L Bonds Recovery Options

Boca Raton, Florida--(Newsfile Corp. - April 20, 2022) - The Securities Law Firm of Menzer & Hill, P.A. (www.menzerhill.com) announced today that it continues to file FINRA arbitration claims against those brokerage firms that sold GWG L Bonds to their clients.

As we expected, GWG Holdings Inc. and two of its subsidiaries, filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas. The two subsidiaries that are debtors in the Chapter 11 cases are GWG Life LLC and GWG Life USA LLC.

Menzer & Hill has represented hundreds of clients that lost significant lifesavings in non-traded REITs, and many of these same investors, were also sold GWG L Bonds. The truth of the matter is GWG L Bonds should have never been sold to any investor unless they were interested in, high-risk and speculation. These alternative products are continually sold to investors, because of the outrageous fees and commissions the broker and broker-dealer receives.

Fortunately, those investors that purchased L Bonds or non-traded REITs, may be able to recover their losses through the FINRA arbitration process. Under FINRA rules and regulations, broker-dealers are required to conduct proper due-diligence before recommending such investments to their clients. Furthermore, broker-dealers are required to properly disclose all the risks related to such investments, as L Bonds along with non-traded REITs are extremely risky investments to begin with and are unsuitable for most investors.

For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.menzerhill.com.

Contact

The Securities Law Firm of Menzer & Hill, P.A.
Gary Menzer - 888-923-9223
info@menzerhill.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121030