There are options for clients of MSC-BD, LLC broker Robert Fehrman (CRD# 205552) who is accused of GPB Capital Holdings losses. He has been registered with MSC-BD, LLC in Cumming, Georgia from 2013 to 2022.
He also faced four regulatory sanctions between 1984 and 1999.
Robert Fehrman Customer Complaints
He has been the subject of three customer complaints between 1989 and 2021, according to his CRD report. The most recent complaints are regarding:
July 2021. “GPB Investment related claim, customer claiming that research was not conducted.” The customer is seeking $115,000 in damages and the case is currently pending.
September 2020. “Fehrman was a subject of the customer’s complaint against his member firm that asserted the following causes of action: breach of fiduciary duty, violation of Missouri’s Securities Act § 409-5.501 et al, common law fraud, breach of contract, negligence/negligent misrepresentation/omission, unjust enrichment, and negligent supervision.” The customer sought $165,568.23 in damages. MSC-BD, LLC was liable to pay $160,000 in compensatory damages, interest, $8,058.75 in costs, and $53,280 in attorney’s fees.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, MSC-BD, LLC may be liable for investment or other losses suffered by Robert Fehrman’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.