Iorio Law PLLC Files Large Six-Figure FINRA Arbitration Claim Against Arete Wealth Management Over GWG L Bonds

NEW YORK, Aug. 19, 2025 /PRNewswire/ -- Iorio Law PLLC has filed a large six-figure FINRA arbitration claim on behalf of a retail investor from Raleigh, North Carolina, against Arete Wealth Management, LLC. The claim alleges that Arete recommended and sold GWG L Bonds—speculative, high-risk, and illiquid securities—without conducting adequate due diligence and in violation of its obligations under FINRA rules and Regulation Best Interest.

According to the Statement of Claim, Arete failed to fully and fairly disclose the significant risks associated with GWG L Bonds, improperly recommended the product despite the investor's risk profile, and disregarded its duties to act in the investor's best interest.

The FINRA arbitration complaint was filed around the same time that a FINRA arbitration panel in another matter ordered Arete Wealth Management to pay $280,000 to a GWG L Bond investor (FINRA No. 22-01257)—the second award against Arete Wealth Management related to these products (see also FINRA No. 22-01337).

"GWG L Bonds were unsuitable for many retail investors, and the evidence continues to show that brokerage firms across the country failed to perform adequate due diligence or made recommendations consistent with their clients' needs," said August M. Iorio, founder of Iorio Law PLLC. "Arete is not alone—other firms that sold these products are facing similar claims. We encourage all L bond investors to visit Iorio Law PLLC's GWG L Bond Investor Recovery Center for more information about their rights."

Iorio Law PLLC represents GWG L Bond investors in cases against multiple brokerage firms, including Emerson Equity LLC, Western International Securities, Inc., Centaurus Financial, and Aegis Capital Corp. Mr. Iorio has already recovered over $3.5 million for GWG L Bond investors nationwide.

GWG Holdings, Inc., the issuer of the bonds, filed for Chapter 11 bankruptcy in 2022, leaving investors with substantial losses. The bonds, often marketed as safe, income-generating investments, were in fact speculative, illiquid, and carried a significant risk of loss of principal.

Investors Urged to Act Promptly
Securities arbitration claims are subject to strict eligibility and statute of limitations rules. Investors who purchased GWG L Bonds should consult with experienced counsel immediately to preserve their rights.

About Iorio Law PLLC
Based in New York City, Iorio Law PLLC is a national securities arbitration law firm representing investors in claims against brokerage firms, investment advisors, and other financial institutions. The firm is led by GWG recovery attorney August M. Iorio, who has recovered nearly $100 million for investors through FINRA arbitration and litigation.

Contact:
August M. Iorio
Iorio Law PLLC
One World Trade Center, 85th Floor
New York, NY 10007
Tel: (646) 330-4624
Email: [email protected] 
Website: www.iorio.law

SOURCE Iorio Law PLLC