Talk of The Villages Florida - View Single Post - Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
Thread: Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
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Old 04-01-2023, 04:03 PM
DAVES DAVES is offline
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Originally Posted by hrhphyllis View Post
In addition, if the company is in bankruptcy you would get nothing anyway thru a lawsuit. I think pull everything from this brokerage immediately, this man took advantage of ur parents & probably pushed the bonds where he made the most commission.
Past experience re bonds. Bearer bonds have not been issued in years. They are book entry. You are forced to have a broker hold them. "Pull everything from this brokerage," as you need a broker to hold them it may be difficult. Years ago I held TAX FREE BONDS.
The brokerage started charging me fees to hold the bonds THEY SOLD ME. The rep who sold me the bonds left and unethically contacted me to transfer my account to the firm he was setting up. Unethical because clearly he took what are supposed to be secured records at the brokerage. I already had an account at Fidelity. They helped me to transfer the bonds to them at no charge to me.