SEC v. Western International Securities

Western International Securities allegedly violated Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (“Reg BI”) based on the sale of high-risk debt securities known as L Bonds, which were issued by GWG Holdings, Inc. The five individual defendants allegedly violated Reg BI based on recommendations of L Bonds, according to the SEC.

Summary generated from official Securities and Exchange Commission press release