Federman & Sherwood informs shareholders and investors of GWG Holdings, Inc. (NASDAQ: GWGH) and financial advisors who have sold bonds for GWG Holdings, Inc.
OKLAHOMA CITY–(BUSINESS WIRE)–Federman & Sherwood investigated GWG Holdings, Inc. (“GWG Holdings”) (NASDAQ: GWGH). Investors concerned about the effect of default on bonds can contact Federman & Sherwood to discuss their options.
In its recent Form 8-K filing with the SEC, GWG Holdings disclosed that it “. . . has not made the January 15, 2022 interest payments of approximately $10.35 million and the principal payments of approximately $3.25 million with respect to its L Bonds.” GWG Holdings also said it “chosen to voluntarily suspend sales of L Bonds effective January 10, 2022.”
After GWG Holdings’ non-payment of its interest payments and its suspension of the L Bonds, The Wall Street Journal reported that GWG Holdings has been under investigation by the SEC since 2020. Log also reported that the majority of investors affected were “retail investors” who “were shocked to learn that their money was used to pay former investors while the company was under investigation by the DRY”.
Since January 10, 2022, GWGH is down more than 60%.
INVESTORS IN GWG HOLDINGS OR BONDS PURCHASED SOLD BY FINANCIAL ADVISORS FOR GWG ARE ENCOURAGED TO CONTACT TIFFANY R. PEINTNER AT 405.235.1560 OR BY EMAIL AT MS. PAINT TO DISCUSS THE GWG HOLDINGS INVESTIGATION OR POTENTIAL LEGAL CLAIMS.