Furgison Law Group is taking cases against investment advisors that sold GPB

The securities fraud lawyers at Furgison Law Group are currently investigating claims against various brokerage firms and investment advisors that sold various GPB products. The arbitration attorneys at Furgison Law Group are investigating claims of fraud, breach of fiduciary duty, overconcentration, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct.

Furgison Law Group is investigating claims related to the following offerings: 

• GPB Holdings LP

• GPB Holdings II

• GPB Holdings III

• GPB Automotive Portfolio LP

• GPB Waste Management, LP

• GPB NYC Development LP

• GPB Cold Storage

GPB Capital Holdings Under Investigation by SEC, FBI, FINRA and State of Massachusetts

InvestmentNews reports that Massachusetts Secretary of the Commonwealth William Galvin, announced an investigation into 63 broker-dealer firms selling private placements from GPB Capital Holdings. InvestmentNews further reports that two GPB private placements, GPB Automotive Portfolio and GPB Holdings II, are required because of their size to file statements with the Securities and Exchange Commission. However, both missed the deadlines to file, according to Mr. Galvin's office.

InvestmentNews also reports that GPB Capital Holdings’ GPB Automotive Portfolio has raised $622.1 million over the past five years, and GPB Holdings II has raised $645.8 million since 2015, according to company SEC filings in May. Together, according to InvestmentNews, the two funds have paid brokers $100.1 million in commissions at a rate of 7.9% and as many as 60 broker-dealers sold the funds.

The broker-dealers who appear in the SEC filings for GPB offerings are listed below. None of these broker-dealers has been found to have engaged in any wrongdoing:

• Accelerated Capital Group

• Advisory Group Equity Services, Ltd

• Aegis Capital Corp

• Aeon Capital, Inc.

• American Capital Partners, LLC

• Arete Wealth Management, LLC

• Arkadios Capital

• Ascendant Alternative Strategies, LLC

• Ausdal Financial Partners, Inc.

• Avere Financial Group, LLC

• Axiom Capital Management, Inc.

• BCG Securities, Inc.

• Benjamin & Jerold Brokerage I, LLC

• Cabot Lodge Securities, LLC

• Calton & Associates, Inc.

• Cape Securities, Inc.

• Capital Financial Services, Inc.

• Capital Investment Group, Inc.

• Cascade Financial Management, Inc.

• Center Street Securities, Inc.

• Coastal Equities, Inc.

• Colorado Financial Service Corp.

• Concorde Investment Services, LLC

• Crown Capital Securities, L.P.

• Crystal Bay Securities, Inc.

• H. Hill Securities, LLLP

• David A. Noyes & Company

• Dawson James Securities, Inc.

• Dempsey Lord Smith, LLC

• Detalus Securities, LLC

• DFPG Investments, Inc.

• Dinosaur Financial Group, LLC

• Emerson Equity LLC

• Financial West Group

• FSC Securities Corp.

• Geneos Wealth Management, Inc.

• Great Point Capital, LLC

• Hightower Securities, LLC

• IBN Financial Services, Inc.

• Innovation Partners LLC

• International Assets Advisory, LLC

• Investment Architects, Inc.

• Kalos Capital, Inc.

• Kingsbury Capital, Inc.

• Landolt Securities, Inc.

• Lewis Financial Group, L.C.

• Lion Street Financial, LLC

• Lowell & Company, Inc.

• Madison Avenue Securities, Inc.

• McDonald Partners LLC

• McNally Financial Services Corp.

• Moloney Securities Co., Inc.

• Money Concepts Capital Corp.

• MSC – BD LLC

• National Securities Corp.

• Newbridge Securities Corp.

• Orchard Securities, LLC

• Pariter Securities, LLC

• Partier Securities, LLC

• Private Client Services, LLC

• Purshe Kaplan Sterling Investments

• Royal Alliance Associates, Inc.

• Sagepoint Financial, Inc.

• Sandlapper Securities, LLC

• SCF Securities, Inc.

• Sentinus Securities, LLC

• Silber Bennett Financial, Inc.

• Stephen A. Kohn & Associates, Ltd

• Stephen A. Kohn & Associates, Ltd.

• Triad Advisors, LLC

• Uhlmann Price Securities, LLC

• United Planners’ Financial Services of America, LP

• Vanderbilt Securities, LLC

• Vestech Securities, Inc.

• Western International Securities, Inc.

• Westpark Capital, Inc.

• Whitehall-Parker Securities, Inc.

• Wilmington Capital Securities, LLC

• Windsor Street Capital, LP

• Woodbury Financial Services, Inc.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm or an unlicensed salesperson and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. Securities law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost money as a result of any GPB investments purchased through brokerage firms or investment advisors, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.