{"id":107,"date":"2022-02-02T20:03:41","date_gmt":"2022-02-02T20:03:41","guid":{"rendered":"https:\/\/gwglawsuit.com\/?p=107"},"modified":"2022-02-04T21:45:55","modified_gmt":"2022-02-04T21:45:55","slug":"facing-sec-scrutiny-gwg-holdings-now-under-investigation-by-dallas-law-firm","status":"publish","type":"post","link":"https:\/\/gwglawsuit.com\/index.php\/2022\/02\/02\/facing-sec-scrutiny-gwg-holdings-now-under-investigation-by-dallas-law-firm\/","title":{"rendered":"Facing SEC Scrutiny, GWG Holdings Now Under Investigation by Dallas Law Firm"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"107\" class=\"elementor elementor-107\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-40e143ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"40e143ed\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78f64678\" data-id=\"78f64678\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bcb56c2 elementor-widget elementor-widget-text-editor\" data-id=\"3bcb56c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><!-- wp:paragraph {\"align\":\"center\"} --><\/p>\n<p style=\"text-align: center;\"><i><span data-contrast=\"none\">Sommerman,\u202fMcCaffity, Quesada &amp; Geisler preparing to represent defrauded shareholders<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">DALLAS \u2013 Dallas-based<\/span> <span data-contrast=\"none\">GWG Holdings, Inc. (NASDAQ: GWGH), a nationwide marketer of financial products and investments, is facing demands from the U.S. Securities and Exchange Commission to produce records covering the company\u2019s sales tactics, business practices, and failures to make required principal and interest payments.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"none\">The<\/span><\/i> <i><span data-contrast=\"none\">Wall Street Journal<\/span><\/i><span data-contrast=\"none\"> recently reported that GWG has received a subpoena from the SEC\u2019s Division of Enforcement, while the company disclosed that it voluntarily suspended sales of its L Bonds product on January 10 and did not make required principal and interest payments totaling nearly $14 million on January 15.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Based on the concerns raised by the SEC and news reports, attorneys with Sommerman,\u202fMcCaffity, Quesada &amp; Geisler in Dallas have launched an independent investigation into the company\u2019s business practices.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cWe have concerns that GWG and its representatives may have failed <\/span><span data-contrast=\"none\">to disclose the details and risks of these bonds <\/span><span data-contrast=\"none\">to investors,\u201d says the firm\u2019s Sean McCaffity. \u201cWe understand that many of these investors are retirees and we want to know whether they were misled by financial advisors and the company. If so, we\u2019ll be pursuing legal action in an effort to recover those losses.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.textrial.com\/\"><span data-contrast=\"none\">Sommerman,\u202fMcCaffity, Quesada &amp; Geisler<\/span><\/a><span data-contrast=\"none\"> has a distinguished reputation for knowledgeable and assertive legal representation in complex commercial litigation involving business fraud, audit malpractice, director and officer liability, and fraudulent transfers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cIt should be anticipated that any litigation on behalf of investors would logically be filed in Dallas, and as a Dallas-based firm we are ideally positioned to try individual or class action claims here,\u201d says the firm\u2019s Andrew Sommerman. \u201cWe have the experience and resources to bring these claims and welcome the interest of those who may have been defrauded by the questionable actions of GWG.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The firm has established a dedicated website with additional background, regular updates, and other information at <\/span><a href=\"http:\/\/www.gwglawsuit.com\/\"><span data-contrast=\"none\">www.gwglawsuit.com<\/span><\/a><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>DALLAS \u2013 Dallas-based GWG Holdings, Inc. (NASDAQ: GWGH), a nationwide marketer of financial products and investments, is facing demands from the U.S. Securities and Exchange Commission to produce records covering the company\u2019s sales tactics, business practices, and failures to make required principal and interest payments.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts\/107"}],"collection":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/comments?post=107"}],"version-history":[{"count":24,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts\/107\/revisions"}],"predecessor-version":[{"id":503,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts\/107\/revisions\/503"}],"wp:attachment":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/media?parent=107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/categories?post=107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/tags?post=107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}