Did you suffer GPB Capital investment losses? National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“GPB Automotive Arete Wealth Investigation”) claims against full-service brokerage firms on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital, in the form of notes, including Arete Wealth.
GPB Automotive Arete Wealth Investigation
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 Arete Wealth. Brokerage firms 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”.
Which Brokerage Firms Sold GPB Capital?
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.
Investors who have information regarding the presentation and sale of these notes are encouraged to contact 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.