November 14, 2014- The Financial Industry Regulatory Authority (FINRA) Department of Enforcement censured Arque Capital and fined the firm $50,000 for distributing misleading sales material in connection with the sales of GWG Debentures.
Arque Capital, Ltd. has its home office in Scottsdale, AZ with 23 branch offices nationwide.
According to the FINRA order, between March 2012 and November 2012, Arque Capital distributed a GWG Debenture sales brochure that contained misleading statements in violation of NASD Rule 2210 and FINRA Rule 2210.
GWG Holdings purchases life insurance policies on a secondary market at a discount and pays the premium until the death of the insured when it then collects the value of the insurance benefit. It hopes that the amount collected upon maturity will exceed the amount paid to purchase and finance the policy.
If you have losses on GWG Renewable Secured Debentures, contact us to learn about your legal options.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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