GPB Capital Holdings Private Placement

Our GPB Capital attorneys represent multiple clients who have been recommended GPB Capital Holdings (GPB Capital) related investments. GPB invests in a variety of businesses including auto dealerships and waste management businesses. Over the past year, the GPB Capital saga has unfolded leaving investors left in the dark about the fate of their investments. Investors at this point should prepare themselves for the worst possible outcomes including significant losses on their investments. Investors who have invested in GPB Capital are encouraged to contact us for a free consultation.

Financial advisers sold approximately $1.5 billion of these high-risk private placements offered by GPB Capital Holdings. The largest two funds alone have more than 12,000 investors. The story of GPB’s downfall began a year ago when GPB Capital was supposed to file registration forms with the SEC for two of its largest funds. However the company did not meet its deadline back in April 2018 and now over a year later has no firm date when annual reports for the two funds will be filed with the SEC. It is highly unusual for an audit of a fund to take over a year without any material update to investors. Over time GPB has told investors to be patient and has come up with excuses that follow an all too familiar pattern in an industry wracked with fraud and abuse.

All the red flags are now present. Last year GPB Capital stopped raising money, had its auditor resign, and engaged in a lawsuit with a former business partner. GPB Capital’s former business partner counter claimed that GPB Capital is nothing more than “a very complicated and manipulative Ponzi scheme.”

Then the Financial Industry Regulatory Authority Inc. (FINRA) and the Securities and Exchange Commission (SEC) launched investigations in to GPB Capital. Thereafter, the FBI opened an investigation into GPB Capital making an unannounced visit to GPB Capital’s offices in early March 2019. None of this information is good news for investors who relied upon the due diligence efforts of their brokers in agreeing to invest in GBP Capital offerings.

There are approximately 63 brokerage firms that sold the GPB Capital Investments to clients. Those brokerage firms include:

  • Accelerated Capital Group
  • Advisory Group Equity Services
  • Aegis Capital Corp.
  • American Capital Partners
  • Arete Wealth Management
  • Arkadios Capital
  • Ascendant Alternative Strategies
  • Ausdal Financial Partners
  • Avere Financial Group
  • Axiom Capital Management
  • BCG Securities
  • Benjamin & Jerold Brokerage
  • Cabot Lodge Securities
  • Calton & Associates
  • Cape Securities
  • Capital Investment Group
  • Center Street Securities
  • Coastal Equities
  • Colorado Financial Service Corp.
  • Concorde Investment Services
  • Crown Capital Securities
  • Crystal Bay Securities
  • David A. Noyes & Company
  • Dawson James Securities
  • Dempsey Lord Smith
  • DFPG Investments
  • Dinosaur Financial Group
  • Emerson Equity
  • FSC Securities Corp.
  • Geneos Wealth Management
  • Great Point Capital
  • Hightower Securities
  • IBN Financial Services
  • Innovation Partners
  • International Assets Advisory
  • Kalos Capital
  • Kingsbury Capital
  • Landolt Securities
  • Lewis Financial Group
  • Lowell & Company
  • Madison Avenue Securities
  • McDonald Partners
  • McNally Financial Services Corp.
  • Moloney Securities
  • Money Concepts Capital Corp.
  • MSC – BD
  • National Securities Corp.
  • Newbridge Securities Corp.
  • Orchard Securities
  • Pariter Securities
  • Purshe Kaplan Sterling Investments
  • Royal Alliance Associates
  • SagePoint Financial
  • Sandlapper Securities
  • SCF Securities
  • Sentinus Securities
  • Silber Bennett Financial
  • Stephen A. Kohn & Associates
  • Triad Advisors
  • Uhlmann Price Securities
  • Vanderbilt Securities
  • Vestech Securities
  • Western International Securities
  • Westpark Capital
  • Whitehall-Parker Securities
  • Windsor Street Capital
  • Woodbury Financial Services

Brokerage firms are unfortunately all too willing to subject their clients to the risks of investing in securities like GPB due to the hefty fees and commissions these firms earn. Commissions and fees on GPB reach as high as 11.75% and 7% of that amount goes directly to the recommending broker’s pocket.

GPB Capital Holding’s funds include:

  • GPB Cold Storage
  • GPB Automotive Fund
  • GPB Automotive Income
  • GPB Holdings II and III
  • GPB Waste Management
  • GPB NY Development

Brokers have a responsibility treat investors fairly which includes obligations such as making only suitable investments for the client after conducting due diligence. Due diligence includes an investigation into the investment’s properties including its benefits, risks, tax consequences, issuer, history, and other relevant factors. In particular, due diligence on private placements is of the utmost importance because there is no publicly available information on this companies and businesses and the only access to material information comes from the brokerage firm.

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation. At Gana Weinstein LLP, our attorneys are experienced representing investors who have suffered securities losses due to the mishandling of their accounts. Claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.

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