Recover GPB Capital Holdings Investment Losses

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Recover GPB Capital Holdings Investment Losses

KlaymanToskes, a National Securities Fraud Law Firm, has recovered over $220 Million for its clients in FINRA arbitration claims. If you recommended to invest in private placement securities of GPB Capital Holdings and have losses in excess of $100,000, contact us today at (888) 997-9956 to recover GPB Capital investment losses.

KlaymanToskes has filed multiple Financial Industry Regulatory Authority (“FINRA”) arbitration claims for clients who were solicited by FINRA broker-dealers to purchase private placement securities of GPB Capital Holdings (“GPB”) in the form of notes, and continues to investigate the sales practices related to the failure to supervise financial advisor “selling away” private securities transactions related to GPB Capital Holdings Offerings to investors.  According to FINRA sales practice rules and regulations, brokerage firms have an obligation to make suitable recommendations to their customers.  They must also conduct adequate due diligence of facts concerning the risks associated with the investments.

The SEC Charges GPB Capital Holdings and Key Executives with Securities Fraud

According to the Securities Exchange Commission (SEC), key executives of the companies were charged with securities fraud for “a long-running and multi-faceted fraudulent scheme perpetrated by GPB Capital” and its owner and CEO, David Gentile; Broker Dealer Ascendant Capital and its owner and CEO Jeffrey Schneider; and a former managing partner of GPB Capital, Jeffrey Lash. GPB Capital is the general partner and fund manager for limited partnership funds, which fleeced unwary investors through fraudulent misrepresentations concerning the securities Offerings.

According to the SEC Complaint, “[s]ince its founding in 2013, GPB Capital has raised in excess of $1.7 billion for at least five limited partnership funds from approximately 17,000 retail investors nationwide, approximately 4,000 of whom are seniors. Nearly all of the $1.7 billion raised is still at risk: in 2018 GPB Capital suspended all redemptions and distributions and, according to a recent regulatory filing, GPB Capital’s assets are far below its obligations to the investors”.

KlaymanToskes is Currently Investigating Cases to Recover GPB Capital Investment Losses

According to KlaymanToskes, GPB Capital Holdings 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. Securities under investigation include:

  • GPB Holdings, LP
  • GPB Holdings II & III, LP
  • GPB Cold Storage, LP
  • GPB Automotive Portfolio, LP
  • GPB Waste Management, LP

KlaymanToskes’s investigation focuses on sales practice violations related to recommended speculative investments in GPB Capital, which paid more than 10% in selling commission to financial advisors and registered investment advisors whose clients invested $1.7 billion in these high-risk private placement securities through brokerage firms, including:

  • TD Ameritrade, Inc.
  • FSC Securities Corp.,
  • Woodbury Financial Services Inc.
  • Advisory Group Equity Services, Ltd.,
  • Coastal Equities, Inc.
  • Hightower Securities, LLC,
  • Concorde Investment Services, LLC, ,
  • Crown Capital Securities, L.P.,
  • Capital Investment Group, Inc.
  • Capital Financial Services, Inc.,
  • Kalos Capital, Inc.,
  • Madison Avenue Securities, LLC,
  • Moloney Securities Co. Inc.,
  • Money Concepts Capital Corp.,
  • National Securities Corporation,
  • Royal Alliance Associates, Inc.,
  • Sagepoint Financial Advisors, Inc., and
  • Woodbury Financial Services, Inc.

The sole purpose of this investigation on behalf of our clients is to determine facts related to recommended investments in GPB Capital Holdings.  If you were recommended by brokerage firms and/or registered investment advisors to invest  in private placement securities of GPB, and have information relating to sales practices and financial misconduct of financial advisors in connection with the sale of GPB, you are encouraged to contact the attorneys of KlaymanToskes, P.A., at (888) 997-9956, or Contact Us by email.

No Recovery No Attorney Fees Paid

There is no charge for an evaluation of your case. Further, we handle these lawsuits on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm has advanced on your behalf.  If you incurred investment losses in GPB Capital Holdings securities and would like your case evaluated by a securities attorney (there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us at (888) 997-9956.

About KlaymanToskes

Klayman Toskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. KlaymanToskes is dedicated to investor advocacy which combines legal strategies with sophisticated financial theories of financial damage designed to maximize investment recovery outcomes.  The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York and Puerto Rico.

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Contact Us to Recover
GPB Capital Investment Losses