Ex-GPB Capital Partner Accusing Firm Of Running A Ponzi Scam David Rosenburg, a former GPB business partner, is once more accusing GPB Capital Holdings of committing a “massive securities fraud” when it raised over $1.5B from investors. Rosenberg is a former GPB employee and the ex-CEO of its Prime Automotive…
Leveraged Loan Defaults Hit $23 Billion – The Highest In Two Years According to Forbes, leveraged loan defaults are now at $23B, which is the highest they’ve reached in two years. Not only that but between October and November of this year, 11 issuers defaulted to the amount of $7.8B.…
UBS Loses Another Puerto Rico Bonds & Closed-End Fund Case More than six years after thousands of investors lost many millions of dollars from investing in Puerto Rico bonds and closed-end bond funds, UBS Puerto Rico (UBS-PR) is still being held to account for the financial losses faced by many…
GPB Capital Auditor Makes Decision To Step Down Once again, investors will have to wait for the audited financials that GPB Capital Holdings keeps promising them and then delaying, as the alternative asset firm’s latest auditor has suddenly resigned. This means that for the foreseeable future, those who bought the…
SSEK Investigating Ex-Commonwealth Financial Network Broker SSEK Law Firm is meeting with investors who suffered losses while working with former Commonwealth Financial Network broker, Gerald Allan Eaton, or another financial representative from the firm. Eaton was recently barred by the Financial Industry Regulatory Authority (FINRA) in the wake of allegations…
SSEK Investigating Investor Claims Against Ex-UBS Puerto Rico Broker For the last several years, Shepherd Smith Edwards and Kantas, LLP (“SSEK Law Firm”) has been actively working with investors to recover the massive losses they sustained because brokers and their firms recommended that they invest in Puerto Rico bonds and…
National Financial Services Customers Have 60 Days To Transfer GPB Investments Five months after announcing that investors of GPB Capital Holdings private placements would no longer be carrying these alternative investments (AI) on its platform, National Financial Services (NFS) is sending letters to customers notifying them that they have 60…
SSEK Investigate Investment Fraud Claims Made Against 1 Global Capital If you are someone who invested in 1 Global Capital notes at the recommendation of your broker or financial advisor, you may have grounds for filing an investment fraud claim. 1 Global is accused of operating a $322M scam and…
Summit Investment Management To Pay Investor $100K A Financial Industry Regulatory Authority (FINRA) panel said that Summit Investment Management and portfolio manager, Thomas Carroll, must pay one firm client $100K for investing his money in funds from the investment manager, LJM Partners, which is no longer in operation. The LJM…
Frederick Randhahn, a former Sigma Financial Corporation broker, is suspended by the Financial Industry Regulation Authority (FINRA) for nine months after he allegedly sold $625K of Woodbridge promissory notes to investors without the brokerage firm’s permission and approval to sell these products. In a letter of acceptance, waiver and consent,…