GWG L Bonds
Williams Dirks Dameron and its co-counsel are investigating L Bonds issued by GWG Holdings, Inc. In 2022, GWG defaulted on the bonds leaving bondholders with worthless investments.
WDD believes that broker-dealers who sold the GWG L Bonds knew or should have known that the GWG L Bonds were inappropriate investments for their clients. Had these broker-dealers conducted even basic due diligence, then they would have discovered that GWG was passing investor money to Beneficient—a startup “alternative asset” firm with no track record of performance.
WDD believes that at least 37 broker-dealers were selling GWG L Bonds, including the following:
Western International Securities
Coastal Equities, Inc.
Great Point Capital
National Securities Corporation
Dempsey Lord Smith
Intervest International Equities
About Williams Dirks Dameron
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