NEW YORK, Nov. 12, 2021 (GLOBE NEWSWIRE) — National investor fraud law firm, KlaymanToskes (“KT”), continues its investigation on behalf of investors who were recommended to purchase the alleged Ponzi-like scheme GPB Capital resulting from recommendations from full-service brokerage firms. KT strongly encourages investors who purchased GPB Capital to consider filing a securities arbitration claim with the Financial Industry Regulatory Authority (“FINRA”) to recover investment losses.
According to the SEC Complaint filed in February 2021, nearly all of the $1.7 billion raised from 17,000 retail investors nationwide, including approximately 4,000 of whom are seniors, are at risk. According to securities attorney Lawrence L. Klayman, Esq. “[H]armed investors may not be able to recover their money through the SEC action, and those who do may receive substantially less than their losses.”
KT is currently pursuing multiple FINRA arbitration claims alleging millions in damages on behalf of our clients who purchased GPB Capital. Brokerage firms sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks, and commissions, which made the investments unsuitable for most investors.
Securities under investigation include:
- GPB Holdings, LP
- GPB Holdings II and III
- GPB Holdings Qualified, LP
- GPB Cold Storage, LP
- GPB Automotive Portfolio, LP
- Armada Waste Management
- GPB NYC Development, LP
- GPB Waste Management,…