Blog
GWG files for Bankruptcy, Investor Should Consider Their Recovery Options
April 25, 2022
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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USO – SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures
November 8, 2021
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
September 13, 2021
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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Infinity Q Investor Losses Mount
New York investment firm Infinity Q Capital Management LLC is liquidating its hedge fund as the fallout from a U.S. regulatory probe into its valuation practices In January, Infinity Q reported that it managed over $3 billion in assets. It was forced to liquidate its mutual funds after the SEC found that chief investment officer […]
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SEC Obtains Emergency Relief, Charges Two Florida Companies and Their Principal Officer with Operating a Ponzi Scheme
August 14, 2021
The Securities and Exchange Commission announced that it filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral Springs, Florida resident Johanna M. Garcia and two entities she controls. According to the […]
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