National investor fraud law firm, KlaymanToskes (“KT”) has commenced an investigation of former Triad Advisors and current Arkadios Capital broker Alan Stuart Berger (“Alan Berger Triad Advisors GPB Investigation”) in light of a FINRA arbitration filed against Alan Berger in September 2020 alleging GPB Capital losses. GPB Capital sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks and commissions which made the investments unsuitable for most investors.
Among other GPB securities, KlaymanToskes in investigating GPB Automotive Portfolio, LP, which was sold by brokerage firms, including Triad Advisors. Alan Berger was registered with Triad Advisors, LLC from March 2014 to April 2019. Brokerage firms like Triad Advisors were required to perform due diligence prior to recommending GPB to their customers and the failure to do so may result in liability.
According to the Securities and Exchange Commission, GPB principals and their affiliated entities were charged “with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital”.
Alan Berger Triad Advisor GPB Investigation
According to FINRA BrokerCheck, a Claimant filed an arbitration claiming $100,000 in damages against former Triad Advisors, LLC broker Alan Berger relating to GPB Holdings investment losses. Alan Berger’s BrokerCheck Report shows that he was a registered representative and investment advisor representative with Triad Advisors, LLC. from March 2014 to April 2019 and his employer location was Norcross, GA.
Alan Berger currently is a registered representative with Arkadios Capital and an investment advisor with Arkadios Wealth in Atlanta, GA. Alan Berger’s BrokerCheck also contains information regarding his Other Business Activities, which includes investment-related work at Foresight Financial Partners.
Which Brokerage Firms Sold GPB Capital?
Triad Advisors was not the only brokerage firm that sold GPB securities such as GPB Automotive, LP. More than 60 broker-dealers sold GPB funds, including but not limited to:
- Arkadios Capital
- Axiom Capital Management, Inc.
- Cabot Lodge Securities
- Coastal Equities
- Concorde Investment Services
- FSC Securities Corp.
- Geneos Wealth Management
- Kalos Capital
- Madison Avenue Securities
- National Securities Corp.
- Pursche Kaplan Sterling Investments
- Royal Alliance Associates
- Sagepoint Financial Inc.
- Sandlapper Securities, LLC
- Western International Securities
- Woodbury Financial Services, Inc.
Former and current customers of Alan Berger at Triad Advisors, LLC. who have information relating to the management and supervision of your accounts serviced by Chu Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.
About Klayman Toskes
KT is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. KT has recovered more than $220 million for investors in FINRA arbitrations. KT has office locations in California, Florida, New York, and Puerto Rico.