Bankrupt GWG bonds not right for anyone: Finra arbitrator
By 2020, 'GWG had shown years of losses and large negative cash flows,' a securities arbitrator writes.
An arbitrator overseeing a Finra Dispute Resolution Services arbitration claim last week awarded close to $100,000 to a customer who in 2018 and again in 2020 purchased GWG L bonds, calling the bonds "not a suitable investment for the [client,] or perhaps anyone," in an award that pointed to a broke
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