SEC and FINRA Investigating GPB Capital Holdings

Have you invested in GPB Capital Holdings?  Our firm is looking into investigations made against GPB Capital Holdings, which raised money from investors through private placements.  GPB was alleged by the Securities and Exchange Commission (SEC) to have missed filing financial statement deadlines.  It is also reported that the SEC is looking into the accuracy of disclosures made to investors, the performance of various funds, and the distribution of capital to investors.

GPB Capital is also under investigation by FINRA (the Financial Industry Regulatory Authority) regarding sales to investors.  Lastly, the Massachusetts Securities Division is also looking into GPB Capital, including 63 brokerage firms that sold GPB investments, such as Royal Alliance Associates, SagePoint Financial, FSC Securities Corp., and Woodbury Financial Services.

GPB Capital is alleged to have invested in various industries, such as the auto industry, technology enabled services, debt companies, and waste management.  In November 2018, GPB’s auditor, Crowe LLP, resigned.

Investors may be able to sue their financial advisor for any losses in the GPB Capital investments.  Investors can sue if their advisor misrepresented the risks of GPB Capital to them, and if the investments in GPB Capital were not suitable for the investor.

Israels & Neuman is an investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan.  Our attorneys have represented over 1,000 investors throughout the country, including in FINRA arbitration.

If your financial advisor recommended that you invest in any of these GPB Capital investments, please CONTACT ISRAELS & NEUMAN for a free consultation.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.