GWG Holdings, Inc. L Bond investors are now confronting a stark reality. After years of uncertainty following the company’s collapse, projected recoveries through the bankruptcy process are expected to total only a small fraction of invested capital. Recent updates tied to the GWG Wind Down Trust and court-approved liquidation framework indicate that investors may recover [...]

Federal regulators continue to pursue large-scale unregistered securities offerings, and a recent enforcement action involving GPB Capital Holdings highlights the risks associated with private placement investments marketed to retail investors. The U.S. Securities and Exchange Commission issued a cease-and-desist order in connection with an oil and gas investment offering that raised approximately $122 million from [...]

State securities regulators continue to focus on individuals operating outside the bounds of registration requirements, and a recent enforcement action by the Maryland Securities Division highlights the risks associated with unlicensed investment activity. According to a final order issued by the Maryland Securities Division, regulators imposed a cease-and-desist order against an individual accused of acting [...]

State securities regulators continue to pursue enforcement actions against financial professionals accused of misusing client assets, and a recent case out of Texas highlights the risks investors face when funds are placed under the control of an advisor without adequate oversight. The Texas State Securities Board issued an emergency cease-and-desist order against Smith Wealth Advisors [...]