National investor fraud law firm, KlaymanToskes, continues its investigation (“GPB Capital Lawsuit”) on behalf of investors who were recommended to purchase the alleged Ponzi-like scheme GPB Capital resulting from recommendations from full-service brokerage firms. KlaymanToskes strongly encourages investors who purchased GPB Capital to consider filing a securities arbitration claim with the Financial Industry Regulatory Authority (“FINRA”) to recover investment losses.
According to the SEC Complaint filed in February 2021, nearly all of the $1.7 billion raised from 17,000 retail investors nationwide, including approximately 4,000 of whom are seniors, are at risk. According to securities attorney Lawrence L. Klayman, Esq. “[H]armed investors may not be able to recover their money through the SEC action, and those who do may receive substantially less than their losses.”
KlaymanToskes is currently pursuing multiple FINRA arbitration claims alleging millions in damages on behalf of our clients who purchased GPB Capital. Brokerage firms 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:
The sole purpose of this release is to investigate on behalf of our clients who purchased GPB Capital private placement notes. Investors with losses exceeding $100,000 in GPB Capital Funds at full-service brokerage firms, and who have information related to the handling of their investments, are encouraged to contact Lawrence L. Klayman, Esq. at (561) 542-5131, and download our Special Investor Report.
KlaymanToskes 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. KlaymanToskes has recovered more than $220 million for investors in FINRA arbitrations. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.