Our law firm represents investors nationwide with significant losses in their portfolios. In particular, we are currently representing investors with investments in GPB Capital Holdings that were placed in investors' retirement plans or investment accounts. SSEK was one of the first firms nationwide to file a GPB case. PLEASE CONTACT US FOR A FREE CONSULTATION. IF THERE IS NO RECOVERY, THERE WILL BE NO FEE.
We are suing the advisory or brokerage firms that made the GPB recommendation. Our fee is based on what we recover from the advisory or brokerage firms. It is not based on your GPB principal. There will be no impact on the GPB product you are holding. You can wait for GPB to do something and not file a claim against the entity that made the GPB recommendation or you can file a claim against those responsible for the GPB recommendation, potentially recover assets from them, and still wait for GPB to return something to you. It is up to you. GPB Capital will do what it is going to do. That can't be controlled. In the interim, it behooves you to go after those that made unsuitable recommendations to you. Chances are you were also recommended other illiquid products. At the very least you owe it to yourself to contact us just to answer some questions.
Our attorneys and staff have more than 100 years of combined experience in the securities industry and in securities law. Several of our lawyers served for years as Vice Presidents or Compliance Officers of brokerage firms.
Each lawyer and staff member of our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. We have handled over a thousand cases against hundreds of large and small investment firms.
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Examples Of Allegations Involving GPB Cases Filed By Shepherd Smith Edwards And Kantas:
Arkadios Capital and David Millican
The client in this matter, from Georgia, was approaching retirement and sought a sound financial plan. Arkadios recommended the client place an unnecessarily large amount of the client's IRA in private placements. This included a $175,000 investment in the GPB Holdings II fund.
Kalos Capital and Joshua Stivers DBA Platinum Wealth Advisory
This retiree based out of the Austin area was contacted by Stivers and Kalos Capital promising safe investments. Kalos and Stivers recommended that a large portion of the client's assets be concentrated in privately traded investments, including a large position in GPB Holdings II.
International Assets Advisory
Keen Butcher, a broker registered with International Assets Advisory, solicited investors via a mailer. The elderly retirees in this matter ended up attending a seminar in which a GPB representative was present. On the recommendation of Butcher and IAA, a six-figure investment was placed in GPB, specially GPB Arvada Waste Management and GPB Automotive Portfolio. There was also another recommended investment in a privately traded entity.
Money Concepts
The couple, in this case, dealt with Chris Keelin, a broker registered with Money Concepts. Keelin is based out of the greater Birmingham, Alabama area. Money Concepts and Keelin recommend that these clients use a home equity loan to purchase the GPB investment they recommended.
Kalos Capital, Pruco Securities and Christopher Shaw
This matter involves a retiree out of North Carolina with absolutely no investment experience. The broker, Christopher Shaw, is based out of the greater Charlotte area. 100% of the client's IRA was placed in privately traded investments, the majority of which was recommended to be placed in GPB. Shaw continued to be listed as the broker of record on Equity Trust statements changing employers from Kalos Capital to Pruco Securities.
These are just a few examples of the type of situations and firms that we have encountered. Please contact us to share your story.
The alternative asset firm recently announced that it would be unable to deliver key tax documents, the K-1 form, to investors for the GPB Automotive Portfolio in time for the tax deadline this coming spring. However, this isn't the first time that the firm has failed to provide vital documents. For years, they have yet to disclose any audited financial statements to investors and regulators.
As recent as March 2019, GPB Capital found themselves under investigation by the Federal Bureau of Investigation ("FBI"). This visit occurred just a few months after the US Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") each began probing GPB Holdings separately.