Saturday, May 28, 2022

Despite Red Flags, Centaurus Financial Allegedly Raised Cap for Selling L Bonds To Customers

SSEK Law Firm is Representing Investors Against Centaurus Financial 

In a recent InvestmentNews column, reporter Bruce Kelly discussed how broker-dealers and their financial advisors continued selling L Bonds to customers despite indications of possible troubles at GWG Holdings, Inc. In April 2022, the alternative asset firm filed for Chapter 11 bankruptcy protection. 

The firm sold $1.6B in life insurance-backed bonds through over 140 regional brokerage firms and managing broker-dealer Emerson Equity. It is unknown what value these high-yield bonds still have or if they are worth anything at all now. Visit our L Bonds and GWG Holdings, Inc. pages to find out more.

The post Despite Red Flags, Centaurus Financial Allegedly Raised Cap for Selling L Bonds To Customers appeared first on Investor Lawyers Blog.



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