GWG Holdings Losses Grow in California with Centaurus, Kingswood's Mark John Williams

Attorney Advising Disclaimer

As more investors in GWG Holdings continue discovering their significant losses, particularly in the GWG L-Bonds a growing web of representatives and broker-dealers who unsuitably sold the product continues to be revealed across California.  These discoveries come at the same time the Wall Street Journal announced GWG Holdings was on the verge of filing a Chapter 11 Bankruptcy.

The Law Offices of Jonathan W Evans & Associates is representing clients of firms in the greater Southern California area that were improperly sold the risky GWG L Bonds, with further reports of potential misconduct from firms located as far south as San Diego, north through Orange County and Laguna Niguel, to Beverly Hills, Los Angeles and beyond.

Already representing clients who invested in GWG Holdings products at Emerson Equity (headquartered in San Mateo, CA), other California firms under investigation for unsuitable GWG Holdings L Bond and stock sales include Centaurus Financial, Center Street Securities, and Newbridge Securities.

For example, former Centaurus Financial broker Mark John Williams (CRD #4061842) faces a March 2022 customer dispute alleging poor recommendation of a high risk, illiquid, and speculative investment. After leaving Centaurus in 2021, Williams joined Forta Financial Group before landing as a broker at Kingswood Capital Partners and as an investment adviser at Financial Gravity Family Office Services, all of Carmel, CA.

The firm Centaurus Financial, for instance, is one of the broker-dealers under investigation that is headquartered in Southern California; Centaurus' main office is located in Anaheim.

If you invested with a broker or representative in California who improperly sold you the unsuitably risky, complex, and illiquid GWG Holdings L Bonds, resulting in damages as GWG careened toward bankruptcy, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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