National investor law firm KlaymanToskes (“KT”) continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes. Under FINRA Rules, brokerage firms have an obligation to make suitable recommendations to their customers, as well as not provide misrepresentations or omission of material facts concerning investment recommendations. They must also conduct adequate due diligence of facts concerning the risks associated with the investments.
What is GPB Capital?
More than 60 brokerage firms sold $1.5 billion of high-risk private placement GPB Capital funds, including:
- Royal Alliance Associates Inc.
- Sagepoint Financial Inc.
- FSC Securities Corp. and
- Woodbury Financial Services Inc.
The private placement GPB funds of GPB Automotive Portfolio and GPB Holdings II raised $622.1 million and $645.8 million respectively. Since flagrantly missing its April 30, 2018 deadline to register the raised funds, GPB’s offices in Manhattan have been searched by the FBI. The SEC also issued a subpoena to GPB seeking information. Additionally, GPB’s auditor recently resigned over the perceived risks of the ongoing investigations.
To learn more about KT’s investigation into GPB Capital, click here.
Jeffrey Dixon – Former Madison Avenue Securities Broker – GPB Capital
According to FINRA’s BrokerCheck, Jeffrey Dixson has been the subject of 22 disclosures, some of which include settlements or pending claims regarding unsuitable GPB Capital recommendations. Jeffrey Dixson has a regulatory disclosure on his FINRA BrokerCheck report relating to variable annuities. Specifically, in 2007, the State of Washington’s Office of Insurance Commissioner alleged that Jeffrey Dixson sold variable annuities that were not approved by the WA Office of Insurance Commissioner, and that he falsely represented that location of the signing of an annuity application. The WA Insurance Commissioner imposed a $6,000 fine on Jeffrey Dixson.
Before joining Madison Avenue Securities, LLC, Jeffrey Dixson worked at Pacific West Securities, Inc. from August 2004 to November 2007. Jeffrey Dixson’s branch location for Madison Avenue Securities, LLC is Vancouver, WA.
GPB Capital Investment Losses – Jeffrey Dixson with Madison Avenue Securities – Contact Us
Former customers of Jeffrey Dixson who held accounts with him at Madison Avenue Securities, and those who may have information relating to Jeffrey Dixson’s financial misconduct, are encouraged to contact Lawrence L. Klayman, Esq. of Klayman & Toskes, P.A. at (561) 542-5131.
KlaymanToskes 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. 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. K&T has office locations in California, Florida, New York and Puerto Rico.
Lawrence L. Klayman, Esq., (561) 542-5131