CALIFORNIA

Did you lose money investing in GWG L bonds through Western International Securities?  We are reviewing claims by the SEC against five brokers at Western International Securities.  The SEC filed a complaint against Western International, Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan, alleging that they violated Regulation BI (Best Interest) by recommending the GWG L bonds to customers.

In particular, the SEC alleged that the GWG L bonds were high risk, illiquid bond offerings that were only suitable for investors with “substantial financial resources”.  Western International representatives were alleged to have sold $13.3 million worth of GWG L bonds.  The SEC alleged that representatives like Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan failed to exercise reasonable diligence, care, and skill to understand the risks associated with the GWG L Bonds.

GWG Holdings has filed for bankruptcy.  This means that investors are likely to get little or nothing out of the GWG bankruptcy.  In order for investors to recover these losses, they need to consider suing other potentially responsible parties like Western International Securities and its advisors.

Our securities arbitration law firm represents investors in FINRA arbitration throughout the U.S., including investors in California.  While we have offices in Denver and Seattle, we can represent investors in arbitration in California and throughout the western US. We also currently represent multiple investors who lost money in GWG L bonds.

If you lost money with Western International, Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan or GWG bonds, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.