Private placements

GPB Capital Holdings Faces Class Action Lawsuit For Investor Losses

Posted on Monday, August 12th, 2019 at 2:17 pm    

In August 2019, it was reported that a group of investors GPB Capital Holdings faces a potential class-action lawsuit from disgruntled investors seeking financial information about its funds. The complaint alleges that GPB Capital Holdings breached its fiduciary duty because it has not given its investors annual audited financial statements. GPB Capital Holdings is a […]

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GPB Capital Holdings Losses with Royal Alliance Associates, Inc.?

Posted on Wednesday, August 7th, 2019 at 8:21 pm    

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 claim alleges that Royal Alliance Associates, Inc. concentrated the investor’s money in GPB Capital Holdings, […]

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GPB Capital Holdings Losses with Axiom Capital Management Broker Michael Packman

Posted on Saturday, July 20th, 2019 at 8:03 pm    

Former Axiom Capital Management broker Michael Packman (CRD# 2518120) is alleged to recommend unsuitable investments in GPB Capital Holdings. Packman was registered with Axiom Capital Management, Inc. in Westbury, New York from 2015 to 2018. Previously, Packman was registered with Financial West Group in Syosset, New York from 2014 to 2015 and with J.P. Turner […]

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Armada Waste Management LP Loses Nearly 70% in Value and Causes Huge Investor Losses

Posted on Tuesday, July 9th, 2019 at 3:17 pm    

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. It is alleged that GPB Capital Holdings issued more than $163 million in securities in Armada […]

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Former First Allied Securities, Inc. Broker Neil Fineman Recovery Loss Options

Posted on Monday, July 29th, 2019 at 2:36 pm    

Were you the victim of former First Allied Securities, Inc. broker Neil Fineman (CRD# 2225170)? Fineman was registered with the following brokerage firms: First Allied Securities, Inc. in Las Vegas, Nevada (02/24/2014 – 01/25/2016) Sagepoint Financial, Inc. in Las Vegas, Nevada (09/27/2013 – 02/25/2014) Regal Securities, Inc. in Las Vegas, Nevada (07/02/2007 – 10/10/2013) In […]

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GPB Capital Holdings Sees Additional Losses in GPB Holdings II and GPB Automotive Portfolio

Posted on Wednesday, June 26th, 2019 at 3:53 pm    

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 by 39%. GPB Holdings II and GPB Automotive Portfolio make up the majority of GPB […]

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Former Money Concepts Capital Corp. Client Wins FINRA Arbitration for $970,000 for Investment Losses in Gold and Mineral Industries

Posted on Wednesday, May 29th, 2019 at 8:09 pm    

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 in attorney fees. The investors were clients of financial advisor Craig Sutherland (CRD# 2001873). The […]

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Former Arkadios Capital Customer Files FINRA Arbitration for GPB Capital Holdings Investment Losses

Posted on Thursday, May 23rd, 2019 at 12:16 pm    

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 retirement fund. The investor claims that her retirement investment portfolio was concentrated in private placements, […]

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GPB Capital Holdings Allegedly Sold by More than 80 Brokerage Firms Across the Country

Posted on Tuesday, April 23rd, 2019 at 3:49 pm    

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 degree of risk due to their nature as unregistered securities offerings (and without regulatory oversight). […]

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GPB Capital Holdings Investment Losses with Royal Alliance Associates Financial Advisor Matthew Crafa

Posted on Friday, April 12th, 2019 at 12:55 pm    

Erez Law is currently investigating Royal Alliance Associates financial advisor Matthew Crafa (CRD# 3114277) regarding recommending unsuitable investments in GPB Holdings. Crafa has been registered with Royal Alliance Associates, Inc. in Garden City, New York since 2007. According to public records, a former client filed a FINRA arbitration against Royal Alliance Associates and financial advisor […]

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