GWG Holdings Senior Executives Resigned After Internal Review | Goodman & Nekvasil P.A. May Recover Investor Losses
According to a November 14, 2022 Press Release, two GWG Holdings senior executives resigned after an internal review. The resignations coincided with the amended filing of FORM 8-K/A which now includes exhibits which were incorrectly omitted.
The November 14, 2022 resignations of President and Chief Executive Officer, Murray T. Holland, and the Company’s Chief Financial Officer and Treasurer, Timothy L. Evans are reportedly related to the circumstances surrounding the departures of three directors last year.
FORM 8-K/A discloses that the former resignations in 2021 of Roy W. Bailey, Daniel P. Fine, and Jeffrey N. MacDowell as directors of the Company were after disagreements with the Company relating to certain operations, policies and practices of the Company.
The original FORM 8-K stated that the three resignations “were not due to any disagreement with the company,” but the investigations committee found new information which determined that a disagreement did lead to the 2021 resignations.
Brokers who sold GWG L Bonds to investors have been under investigation as well.
In June 2022, the SEC charged Western International Securities, Inc. and five of its registered brokers with violations of Reg BI when they “sold an unrated, high-risk debt security known as L Bonds to retirees and other retail investors” from GWG.
Goodman and Nekvasil, P.A has filed numerous FINRA arbitration claims against broker dealers who sold GWH Holdings.
The complaints are on behalf of investors who hired our firm after reading about our ongoing investigation of GWG Holding.
If you are an investor in GWG Holdings Goodman & Nekvasil, P.A. may be able to help you.
Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $250 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for approximately 40 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in GWG Holdings and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained on 11/14/22 directly from the Securities and Exchange Commission without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.