boca raton floridanewsfile corp  april 20 2022  the securities law firm of menzer  hill pa wwwmenzerhillcom announced today that it continues to file finra arbitration claims against those brokerage firms that sold gwg l bonds to their clients as we expected gwg holdings inc and two of its subsidiaries filed voluntary chapter 11 petitions in the us bankruptcy court for the southern district of texas the two subsidiaries that are debtors in the chapter 11 cases are gwg life llc and gwg life usa llc menzer  hill has represented hundreds of clients that lost significant lifesavings in nontraded reits and many of these same investors were also sold gwg l bonds the truth of the matter is gwg l bonds should have never been sold to any investor unless they were interested in highrisk and speculation these alternative products are continually sold to investors because of the outrageous fees and commissions the broker and brokerdealer receives fortunately those investors that purchased l bonds or nontraded reits may be able to recover their losses through the finra arbitration process under finra rules and regulations brokerdealers are required to conduct proper duediligence before recommending such investments to their clients furthermore brokerdealers are required to properly disclose all the risks related to such investments as l bonds along with nontraded reits are extremely risky investments to begin with and are unsuitable for most investors for a free case evaluation or to discuss any other investment losses please contact the securities law firm of menzer  hill pa at 8889239223 or visit us on the web at wwwmenzerhillcom to view the source version of this press release please visit httpswwwnewsfilecorpcomrelease121030