GWG Holdings Class L Bonds

John Hubert Chaney, of Manchester, Missouri, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon alleged negligence and the unsuitable investment recommendation of corporate bonds when Chaney was associated with Moloney Securities Co. Inc. FINRA Arbitration No. 23-03055 (October 23, 2023).

This is not the first time that Chaney has been referenced in a customer initiated investment related dispute concerning Chaney’s conduct in the securities industry. FINRA Public Disclosure shows that Chaney was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $14,500.00 in damages based upon alleged unsuitable recommendations and negligence in connection with the sale of corporate bonds during the time that Chaney was associated with Moloney Securities Co. Inc. FINRA Arbitration No. 23-01507 (March 7, 2024).

Chaney was associated with Moloney Securities Co. Inc. in Manchester, Missouri, from October 29, 2015, to December 31, 2023.