GWG Bond Loss Attorneys

Moloney Securities Under Scrutiny By State Regulators. Our GWG Bond loss attorneys Are Representing Investors Against This Firm

Last month, Moloney Securities Co. reported in its report with the US Securities and Exchange Commission (SEC) that it is facing inquiries by different state regulators. This disclosure comes just six months after the regulator reached a $316K settlement with the broker-dealer for Regulation Best Interest violations related to the sale of GWG Holdings L Bonds.  Three Moloney Securities brokers collectively paid $121K in disgorgement, interest, and penalties over this matter.

GWG is accused of selling more than $1.6B in high-risk supposed life settlement-backed bonds that have left thousands of investors, mostly retail investors and retirees, with serious losses. Meanwhile, dozens of brokerage firms earned hefty commissions from the transactions.

One of the broker-dealers is Moloney Securities. Shepherd Smith Edwards and Kantas (investorlawyers.com) has filed a number of GWG L Bond loss recovery lawsuits against this brokerage firm on behalf of investors. This includes a recent FINRA arbitration case in which the claimants are seeking up to $1M in damages in addition to interest and costs. Also a respondent in that case is Moloney Securities broker John Patrick Shortall.

Like other L Bond loss cases against Moloney Securities that we are representing, these clients are alleging failure to supervise, unsuitability, misrepresentations and omissions, and overconcentration. GWG is accused of running a mass Ponzi scam.

Why Is It Important To Hire A Knowledgeable Broker Misconduct Law Firm?

Shepherd Smith Edwards and Kantas is well-versed in why these investments failed and the role that financial advisors played that contributed to exposing investors to what appear to be fraudulent junk bonds.

L Bond investors, when they work with us, become part of our unit of GWG Bond lawsuits that is represented by our entire firm.  By now, the legal teams for Moloney Securities and other broker-dealers know who we are and that they must take each of our clients’ claims seriously.

Trust us when we tell you it can only benefit your case to work with a securities firm that is already representing other investors in the same type of loss case against a broker-dealer.

We have worked with investors in more than 1000 matters in arbitration, mediation, negotiations, and litigation. More than 90% of investors have received full or partial financial recovery through our skilled efforts.

What Should You Do If You Are An L Bond Investor Who Sustained Serious Losses?

Call (800) 259-9010 or fill out this contact form to schedule your free, initial case consultation with one of our GWG Bond loss attorneys.