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FINRA fines Wedbush Securities for misrepresentations regarding payments on certain bonds and for failing to deliver required disclosures to thousands of the firm’s customers. The Los Angeles-based wealth management, brokerage and clearing firm, which has 540 registered individuals in 40 branches nationwide, agreed to pay the fines and be subject to censure without admitting or […]
Spring Hills Holdings, LLC Investment Review Spring Hills Holdings, LLC is a health care owner-operator offering a “senior care investment opportunity,” according to the DI Wire. The company filed a Form D to raise capital from investors in 2017, with a total offering amount of $25,000,000, as per SEC filings. Additional offerings followed. Spring Hills […]
On April 20, 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. This filing came after the company defaulted in February 2022 on life-settlement backed bonds amounting to $1.6 billion. The default has raised concerns regarding the financial stability of the company and […]
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. Understanding the fundamentals of asset allocation is crucial for investors. For instance, an investor who allocates a significant […]
An indictment was unsealed today in federal court in Brooklyn charging three individuals affiliated with GPB Capital Holdings, LLC (“GPB”) with securities fraud, wire fraud and conspiracy. Defendants David Gentile, the founder, owner and Chief Executive Officer (“CEO”) of GPB; Jeffry Schneider, the owner and CEO of Ascendant Capital LLC (“Ascendant”); and Jeffrey Lash, a […]