Bonds issued by GWG I bonds have caused losses for the investors that Haselkorn & Thibaut represent. These high-yield bonds were issued by GWG Holdings, Inc. (NASDAQ: GWGH), a Dallas-based issuer of alternative assets, between April 2012 and April 2021.

Our knowledgeable GWG Holdings L Bonds attorneys represent investors whose broker-dealers offered them these financial securities. To contact the Haselkorn & Thibaut Law Firm right away, dial 1-888-614-9356 or send us an email.

These are the GWG Holdings L Bonds:

High-interest rates: The maturity period for these investments ranges from 6 months to 7 years. The interest rate offered rises with the length of the contract. GWG offered rates ranging from 4.25% to 9% as of December 2020.

Callable: GWG may at any time and without incurring any fees repurchase an L Bond. As a result of the bond being repurchased early, the investor would lose their initial investment as well as any missed coupon payments.

Unlisted: These securities cannot be traded on any stock market. The length of time an investor holds these high-yield bonds depends on the maturity date and if GWG Holding ever decides to purchase an L Bond back.

Cannot be sold: Holders of GWG Holding L bonds are not permitted to sell their investment before the maturity date, even if they require liquidity or no longer wish to be subject to the risk of default. Only in the event of insolvency, death, or disability could an L Bond holder retrieve their investment, and there would be a 6% penalty.

Assumed to be supported by collateral: The only real assets that GWG Holdings actually owns are stakes in its subsidiary businesses. GWG was merely the sole owner of GWG Life, LLC, and served as its holding company. Its subsidiaries, GWG DLP Funding II, LLC, and GWG DLP Funding III, LLC, are the only real assets of the latter.