Investor Lawyers Blog

Atria Wealth Solutions to Acquire SCF Securities Which Sold GPB Investments

Published on: March 3, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Wealth Management Firm Also May Have Sold ARC NYC REIT, NorthstarHealthcare Income REITs, and Other Illiquid Securities Wealth management solutions holding company, Atria Wealth Solutions, Inc. recently announced that it is acquiring SCF Securities, which is a brokerage firm based in Fresno, California. Also included in the acquisition will be SCF Investment Advisors, Inc. and […]

New York And Other States Sue GPB Capital Holdings For Mass Ponzi Scam

Published on: February 9, 2021 | by Shepherd Smith Edwards & Kantas, LLP

State Lawsuits Come After SEC Complaint and FBI Arrests New York Attorney General Letitia James is suing GPB Capital Holdings along with five co-defendants for running a mass Ponzi scam. The NY AG contends that the alternative asset firm and private equity fund manager, which is based in the state, defrauded investors throughout the US […]

GPB Capital Fraud Case Against Arete Wealth Management Results In $515K Arbitration Award

Published on: February 8, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Claimants Had Alleged Negligence, Poor Supervision, and Other Charges A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded one customer and his trust $515K in their GPB private placement fraud claim against Arete Wealth Management. The Chicago-based brokerage firm also has been ordered to pay all of the claimant’s legal fees. The award is […]

SEC Says GPB Capital Holdings CEO and Executives Defrauded Over 17,000 Investors In $1.7B Ponzi Scam

Published on: February 5, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Justice Department Files Parallel Criminal Charges Against GPB Capital’s David Gentile and Others The Securities and Exchange Commission (SEC) has filed civil charges against GPB Capital Holdings CEO and owner David Gentile, ex-GPB managing partner Jeffrey Lash, Ascendant Capital owner Jeffry Schneider, and affiliated entities, including Ascendant Alternative Strategies, of defrauding 17,000 retail investors in […]

GPB Capital Principals Indicted

Published on: February 4, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Jeffry Schneider, David Gentile, and Jeffrey Lash, GPB Capital Principals Indicted Our firm has written extensively about GPB Capital and allegations that the “investments” were a massive Ponzi scheme. The U.S. District Attorney for the Eastern District of New York has indicted several of the principals of GPB Capital, and the indictment was unsealed today, […]

Ex- CEO’s Lawsuit Against GPB Capital Holdings’ Prime Automotive Group May Proceed

Published on: February 4, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Prime Automotive Group CEO Accused Alternative Asset Firm of Running Massive Ponzi Scam A Massachusetts Superior Court judge says the majority of the lawsuit filed by former Prime Automotive Group CEO, David Rosenberg, can move forward. Rosenberg, in his complaint, claims that he was fired and retaliated against after he accused the parent company, GPB […]

Triad Advisors Broker Darrin Cohen Under Scrutiny Over Possible GPB Private Placement Sales

Published on: February 3, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Wealth Enhancement & Preservation CEO Named in Two Pending Investor Claims Triad Advisors stockbroker, Darrin Stuart Cohen, is currently the subject of two pending Financial Industry Regulatory Authority (FINRA) arbitration claims from customers collectively seeking $600K in damages. The allegations involve the unsuitability of investments, including alternative investments, that were sold to them. Cohen is […]

Utah Retirees Files $500K Investor Fraud Claim Over GPB & REIT Losses After Working With Triad Advisors & Broker Michael Payne

Published on: January 11, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Triad Advisors and its Ex-Florida-Based Broker Placed Claimants Funds In Too Risky GPB Capital & REIT Investments Two Utah retirees have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Triad Advisors, Inc. over losses they suffered from investing in GPB private placements and privately traded real estate investment trusts (REITs), including American Realty […]

Texas Retiree Files GPB Capital Fraud Claim Against Calton & Associates

Published on: December 15, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Senior Investor Seeks up to $500K in Damages For Loss of Savings A retiree from Texas has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against brokerage firm Calton & Associates over losses he suffered in GPB Capital Holdings private placements and other non-publicly traded products. This investor is seeking up to $500K in […]

Customers of Peregrine Private Capital’s Robert Smith File GPB Investment Fraud Claims

Published on: November 9, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Concorde Investment Services Broker Allegedly Made Negligent Recommendations Robert Scott Smith, the President of Peregrine Private Capital in Newberg, Oregon, and a former Concorde Investment Services, is named in multiple Financial Industry Regulatory Authority (FINRA) arbitration claims by former customers that invested in GPB private placement funds at his recommendation. GPB Capital Holdings is accused […]