GWG Holdings Inc. L Bonds Losses with Former American Equity Investment Corporation Broker Marion Leonberger

GWG Holdings Inc.

Did you lose money investing in GWG Holdings Inc. L Bonds with former American Equity Investment Corporation broker Marion Leonberger (CRD# 1083568)? He was registered with American Equity Investment Corporation in Louisville, Kentucky, from 2003 to 2021. 

Marion Leonberger Customer Complaints

He has been the subject of three customer complaints between 2001 and 2023, according to his CRD report. The most recent complaint was regarding: 

March 2023. “Investments made on September 2018. September 2019, August 2020 and September 2020 in GWG L-bond. L-Bond stopped paying interest in February 2022 and in April, 2022, GWG filed for re-organization under Chapter 11 bankruptcy. Plan to exit bankruptcy currently being reviewed by court.” The customer is seeking $100,000 in damages, and the case is currently pending. 

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, American Equity Investment Corporation may be liable for investment or other losses suffered by Marion Leonberger’s 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.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.