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GWG files for Bankruptcy, Investor Should Consider Their Recovery Options

On April 20, 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. In February 2022, the company, which sold $1.6B in life-settlement backed bonds defaulted. GWG has more than $2 billion in overall liabilities as of September 2021, along with $1.55 billion in […]

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Asset Allocation Losses – Finding the Right Balance

A prudent investment strategy starts with an asset allocation suitable for the portfolio’s objective.  The allocation should be built upon reasonable expectations for risk and returns and should use diversified investments to avoid exposure to unnecessary risks. Both asset allocation and diversification are rooted in the idea of balance. Because all investments involve risk, investors […]

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Bank of England Warns of Crypto Risks

Fast-growing crypto-currency assets could pose a danger to the established financial system, a senior Bank of England official has told the BBC. Although not much of UK households’ wealth is currently held in assets such as Bitcoin, they are becoming more mainstream. Deputy Bank governor Sir Jon Cunliffe stressed that crypto-currencies had been “growing very […]

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USO – SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures

The Securities and Exchange Commission today charged United States Oil Fund LP, an exchange-traded product (ETP), and its general partner United States Commodity Funds LLC for misleading statements about limitations imposed by its sole futures commission merchant and broker. USO and USCF have agreed to pay $2.5 million in penalties to settle parallel cases by […]

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SPAC losses on the rise according to the WSJ

SPAC deals are swiftly falling from grace as $75 billion of value has evaporated in just six months, according to a Wall Street Journal report. The collective value of 137 deals that closed by mid-February has plunged 25% since the start of the year, totaling $75 billion in lost value, according to the Journal, citing a […]

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