Erez Law is currently investigating IFP Securities, LLC broker Justin Connors (CRD# 2805785) regarding GWG Holdings L Bond losses. He has been registered with IFP Securities, LLC (Independent Financial Partners) in Cocoa Beach, Florida since 2009.
Justin Connors GWG L Bonds Losses
GWG Holdings Inc. is an alternative asset manager that issued a series of high-yield bonds known as L Bonds, backed by life settlements. GWG Holdings Inc. filed for Chapter 11 bankruptcy in April 2022. Public records indicate that hundreds of Broker-Dealers, including IFP Securities, LLC, may have sold up to $2 billion worth of the GWG Holdings Inc. L Bonds, a high-yield junk bond.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, IFP Securities, LLC may be liable for investment or other losses suffered by Justin Connors’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.