Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

Former GWG CEO Resigns From Board

Posted on December 16th, 2022 at 1:27 PM
Former GWG CEO Resigns From Board

From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï.

GWG Holdings announced its bankruptcy earlier this year, which has resulted in the resignations of multiple members of its board of directors.

The former president and chief executive officer, Murray Holland, resigned as an executive officer of the company in November. Further, the investigations committee of the current board of directors has reported in an amended 8-k filing with the SEC that the company previously had falsely reported that the resignations of former board members were not a result of any disagreements with the company. According to the amended filing, however, the resignations of Roy Bailey, Daniel Fine, and Jeffrey MacDowell in March 2021 occurred primarily due to disagreements with GWG.

The investigations committee notified the current board that the resigning executives had taken issue with certain terms of a potential investment GWG was considering, according to the amended filing. Holland additionally submitted a letter to the board noting his disagreement with the findings of the board’s investigation committee. Independent directors Tony Horton and Jeffrey Stein, the company’s president, chief executive officer and chief restructuring officer, respectively, remain on GWG’s board of directors.

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, advisors, law, ceo, gwg

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I want to thank you for your excellent professional representation. It was greatly appreciated.

Michael M.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.