The financial fallout from the collapse of GWG Holdings continues to catch up with the brokerage firms that made unsuitable recommendations of high-risk, speculative “L Bonds” to investors. Financial regulatory authorities are now stepping in to penalize firms that ignored their duty to protect client assets. Most recently, Kingswood Capital Partners, LLC has been hit…
Continue reading ›See more recent updates: Original Post: The GWG Wind Down Trust filed its latest status report on August 15, 2025, with the U.S. Bankruptcy Court, providing new details for GWG L Bond investors. Liz Freeman, the GWG Wind Down Trustee, also released the trust’s recent financial statements. These reports cover the Trust’s activities for the…
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Background: For more information, please visit our GWG L Bond Investor Recovery Center. How Much Will GWG L Bond Investors Receive from the Bankruptcy Settlements? On April 30, 2025, the GWG Litigation Trustee filed a Supplemental Notice of Proposed Settlements in the United States Bankruptcy Court for the Southern District of Texas. According to the…
Continue reading ›On April 2, 2025, the GWG Wind Down Trust filed its status report with the United States Bankruptcy Court for the Southern District of Texas, providing crucial updates for GWG L Bond investors. This report details the Trust’s activities for the quarter and year ending December 31, 2024, revealing that the Trust has sold nearly…
Continue reading ›**Updated: April 30, 2025**: According to new court filings, the GWG Wind Down Trust estimates that the cumulative distribution from the four settlements will be between 2.694% and 3.446% of the approximately $1.67 billion in pre-petition GWG L Bond holdings that are now Series A1 WDT Interests. That is, GWG L Bond investors can expect…
Continue reading ›If you’re a GWG L Bond investor, the past few years have likely been a rollercoaster of frustration and uncertainty. The bankruptcy of GWG Holdings, Inc. in 2022 left thousands of investors—many of whom are retirees or conservative savers—reeling from significant financial losses. GWG recovery attorney August M. Iorio has been fighting tirelessly for GWG…
Continue reading ›What You Need to Know: Western International Securities Agrees to Settle Lawsuit with the SEC On July 31, 2024, the SEC announced that it had reached an agreement with Western International Securities and five of its registered representatives to settle an ongoing lawsuit arising out of the sale of high-risk and speculative L Bonds issued…
Continue reading ›In recent court filings, Emerson Equity LLC has disclosed that it has paid over $2.1 million in attorney fees and arbitration costs through January 1, 2024, to defend itself from more than 60 customer complaints related to its sale of GWG L Bonds. In addition, according to public disclosure reports for its brokers, Emerson Equity…
Continue reading ›Iorio Law PLLC and its experienced GWG Holdings L Bonds attorneys, representing retail investors nationwide, continue to investigate and file claims against Ausdal Financial Partners, Inc. for its sale of speculative, high-risk, illiquid, high-commission, and unrated GWG L Bonds to retail investors. The law firm’s investigation is ongoing after three separate arbitration panels awarded investors…
Continue reading ›On February 15, 2024, the GWG Wind Down Trust filed a status report with the United States Bankruptcy Court for the Southern District of Texas for the quarter ending December 31, 2023. Although the status report did not include an updated financial statement, there are several key takeaways: We believe that there is no obvious…
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