July 2026 Update for GWG L Bond Investors After years of waiting, many former GWG L Bond investors have finally begun receiving their first meaningful distribution from the GWG Wind Down Trust. On July 1, 2026, the GWG Wind Down Trust announced a distribution of approximately $3.7 cents per Series A1 Wind Down Trust Interest,…
Continue reading ›
On April 10, 2026, a New York court issued an important decision in the litigation involving KHCA Funding LLC and Knights Hill Ireland II DAC against Versity Invest/Crew Enterprises, Versity Investments, Blake Wettengel, Tanya Muro, Brian Nelson, and related Versity entities. The Court partially granted Defendants’ motion to dismiss. In plain English, the Court dismissed…
Continue reading ›One on 4th DST is a Delaware Statutory Trust (DST) investment in a mid-rise student housing community located near Oklahoma State University (713 West 4th Avenue, Stillwater, OK). Funded in part by a $27.5 million permanent loan, the Trust acquired the property on July 27, 2022, for $52 million. If you invested in this property,…
Continue reading ›
Payments stopped in April 2025 — How investors can pursue recovery through FINRA arbitration. If you are searching for information on “Versity Income Property Notes,” “VIP Notes,” “Versity Invest, LLC,” “Versity II,” or “Crew Enterprises” because your monthly interest payments unexpectedly stopped in April 2025, you are not alone. Iorio Law PLLC dozens of represents…
Continue reading ›
FINRA Sanctions Zachary Taylor The Financial Industry Regulatory Authority (FINRA) has suspended former Merrill Lynch and Oppenheimer broker Zachary Ellis Taylor (CRD #6074776) for nine months in all capacities after finding that he willfully violated federal securities laws and FINRA rules. According to a FINRA settlement order (No. 2022075083801), between August 2020 and June 2023,…
Continue reading ›
The Financial Industry Regulatory Authority (FINRA) has censured and fined J.P. Morgan Securities LLC (JPMS) $150,000 for supervisory failures tied to the delivery of preliminary prospectuses in initial public offerings (IPOs). According to a FINRA Letter of Acceptance, Waiver, and Consent (AWC), between January 1, 2018, and December 30, 2021, JPMS’s supervisory system, including its…
Continue reading ›Wells Fargo Clearing Services, LLC has been censured and fined $275,000 by the Financial Industry Regulatory Authority (FINRA) for failing to maintain a supervisory system designed to prevent unregistered municipal advisory activity over a period of more than five years. According to the settlement, from at least June 2019 to November 2024, Wells Fargo had…
Continue reading ›The Financial Industry Regulatory Authority (FINRA) has censured and fined Goldman Sachs & Co. LLC $250,000 for multiple rule violations related to its role as a lead underwriter in a 2021 initial public offering (IPO) and for permitting unregistered individuals to perform investment banking functions. According to a FINRA Letter of Acceptance, Waiver, and Consent…
Continue reading ›The U.S. Securities and Exchange Commission (SEC) has announced significant settlements with Emerson Equity, LLC—the managing broker-dealer for the now-defunct GWG Holdings, Inc. (“GWG”) L Bond program. It also settled with Tony Barouti, one of the nation’s most prolific L Bond sales representatives. These enforcement actions provide further confirmation of what Iorio Law PLLC has…
Continue reading ›The Financial Industry Regulatory Authority (“FINRA”) has suspended former Worden Capital Management LLC supervisor Henry Bones II. Mr. Bones consented to a two-month suspension from associating with any FINRA member in all principal capacities after FINRA alleged that he failed to reasonably supervise a former broker, Christopher Orlando, that excessively traded ten customer accounts. Earlier…
Continue reading ›
