Category: Private placements
In May 2019, a former client of Royal Alliance Associates, Inc. filed a $1 million FINRA arbitration against the firm on behalf of a former client who allegedly lost money investing in GPB Capital Holdings, according to public records. The … Continue reading
GPB Capital Holdings is a New York-based investment firm that offers exempt, private-placement securities that inherently have a high degree of risk due to their nature as unregistered securities offerings (and without regulatory oversight). The investment firm raised over $1.7 … Continue reading
Did your broker recommend you invest in Armada Waste Management LP and you saw losses in your investment portfolio? Brokers across the country recommended their clients invest in Armada Waste Management LP, which was issued by GPB Capital Holdings. GBP … Continue reading
In June 2019, GPB Capital Holdings reported losses in the value of two of its investment funds: GPB Holdings II and GPB Automotive Portfolio. GPB Holdings II saw a decline in value of 25.4% and GPB Automotive Portfolio have decreased … Continue reading
In March 2019, a former client of Money Concepts Capital Corp. won an award in a FINRA arbitration for compensatory damages for $698,979, plus 8% per annum until the award is paid in full, and $27,920 in costs and 244,642 … Continue reading
According to public records, a former customer of Arkadios Capital filed a FINRA arbitration claim against Arkadios Capital for investments losses in GPB Capital Holdings in her IRA. The former client allegedly lost hundreds of thousands of dollars in her … Continue reading
Financial advisors across the country from more than 80 brokerage firms are alleged to recommend unsuitable investments in GPB Capital Holdings. GPB Capital Holdings is a New York-based investment firm that offers exempt, private-placement securities that inherently have a high … Continue reading
Erez Law is currently investigating financial advisors across the United States who recommend their clients invest in GPB Capital Holdings, a New York-based investment firm that offers exempt, private-placement securities that inherently have a high degree of risk due to … Continue reading
Did you lose money investing with former Foresters Equity Services, Inc. financial advisor Michael Rappa (CRD# 4799159)? Rappa was registered with Foresters Equity Services, Inc. in San Diego, California from 2010 to 2017. In February 2019, FINRA barred Rappa after … Continue reading
Former UBS Financial Services Inc. financial advisor Alex Herrera (CRD# 3204779) barred by FINRA regarding unreported outside business activities and private securities transactions. Herrera was registered with UBS Financial Services Inc. in Coral Gables, Florida from 2012 to 2018. In … Continue reading