Richard Greenhill: Did Greenhill Financial Advisor Sell L Bonds?

At least one current or former client of American Equity Investment Corporation financial advisor Richard Greenhill (CRD# 4663372) is listed as creditor for a GWG L bond investment, according to public records. These records, filed with a bankruptcy court in Texas, disclose an investment of more than $115,000. Financial Industry Regulatory Authority records show that he is also registered with Financial Analytics in Melbourne, Florida. His website shows that he does business as Greenhill Financial Group.

Investments in GWG L bonds involved “significant risks,” according to the bonds’ prospectus, “including the risk of losing your entire investment.” As the Wall Street Journal explained in an April 2022 report, the Dallas financial services firm GWG Holdings issued the product, “which pooled money from bond investors to purchase life-insurance policies on the secondary market.” The firm raised roughly $1.6 billion from investors in its offering, then later filed for Chapter 11 bankruptcy. According to a report by The DI Wire, GWG Holdings revealed in court filings that the Securities and Exchange Commission was probing how broker-dealers sold the L bonds. More information on these products is available here.

According to the Financial Industry Regulatory Authority, Richard Greenhill holds 17 years of securities industry experience. Based in Melbourne, Florida, he is a broker with American Equity Investment Corporation and an investment advisor with Financial Analytics, doing business as Greenhill Financial Group. His registration history includes USA Financial Securities Corporation (Boynton Beach, Florida; 2008), Securities America (Boca Raton, Florida; 2007-2008), and Northwestern Mutual Investment Services (Boca Raton, Florida; 2004-2007). His credentials include the passage of two securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Securities Industry Essentials Examination, or SIE. He is licensed in Florida. (Information current as of June 30, 2023.)

Carlson Law has represented at least nine investors in claims against their financial advisors for investments in GWG Holdings Inc. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.