GPB Capital Share Costs Plummet - Investment Fraud Lawyers File Claims to Recove

Posted by Thomas Shaw on June 29th, 2019

Investors are very alarmed by the enormous drop in their GPB Capital share costs and getting investment fraud lawyers recover losses.

On June 21, 2019, the media reported that GPB Capital announced that some GPB Capital share prices declined as a great deal as 73%. This news is devastating for many GPB Capital investors and specifically reports substantial declines in worth for two in the largest GPB investment funds. Get extra details about GPB Capital Share Price

In spite of months of negative news and reports from a range of distinctive sources, broker-dealer firms along with the specialist financial advisors who earned a reported 0 million in commissions in selling GPB Capital to their clients continued to report the value of your GPB Capital investment funds in the original purchase price tag value on buyer account statements (despite all of the adverse info). These similar broker-dealers and experienced financial advisors also in some cases improperly continued to suggest that investor shoppers continue to “hold” these investments and ignore the adverse details.

The attorneys at www.InvestmentFraudLawyers.com (Haselkorn and Thibaut, P.A.) have filed many claims on behalf of GPB Capital investors and they are continuing their investigation in to the GPB Capital problems at the same time as investigations in the activities by many broker-dealer firms and financial advisors who had been recommending GPB Capital investment funds to their customers. Investors possess a restricted time to recover losses and are encouraged to call 1-800-856-3352 for any free review of their case.

For months now, many GPB Capital investors had been in a position to tune out the material adverse news reports and had been comfy sitting on the sidelines simply because when their month-to-month account statements arrived inside the mail, the statements continued to reflect the complete original obtain price for those investment funds. While experienced broker-dealers and specialist financial advisors properly knew those reported values have been likely not accurate reflections in the value of these investment funds, they left the prospects to fend for themselves (as they had already earned their commissions).

Right after GPB Capital lately announced a substantial drop inside the worth its two largest investment funds (GPB Holdings II and GPB Automotive Portfolio) investors are now left asking yourself what they're able to do to try and recoup their investment losses. Other GPB Capital investments that may be impacted contain: GPB Holdings I, GPB Waste Management Fund, GPB Cold Storage, and GPB NYC Development. Some prospects are most likely to be shocked after they acquire their account statements inside the mail next month, and which is probably only the starting.
As reported on June 21, 2019, the year-end 2018 values are reflecting substantial losses for investors, and remember GPB Capital has not but revealed the true and current worth of its funds for 2019. Thinking about that this announcement comes on the heels of a slew of bad news in 2018 for GPB Capital, it is extremely unlikely the present values (after they are ultimately reported) will strengthen, actually, just the opposite is probably.

In 2018, GPB Capital suspended redemptions (purportedly to focus on accounting and financial reporting difficulties). GPB later announced that its auditor had resigned (along with the reason given was really disconcerting: it was as a consequence of perceived risks … that fell outside in the internal risk tolerance parameters). As if that had been not adequate, GPB informed public investors in 2018 that authorities had created an unannounced raid from the GPB Capital offices in New York to gather material. Extra troubles included various media outlets reporting that regulators and authorities (which includes the FBI, SEC, and FINRA) had launched investigations into GPB Capital. Lastly, in the midst of a dispute with an insider, there were allegations in that pending litigation that included a reference to GPB Capital becoming a Ponzi scheme.

Why and how do so many public investors own a lot GPB? Make no mistake, GPB private placements had been marketed to public investors in most cases via experienced financial advisors who earned commissions as high as 8% in promoting these investments to unsuspecting public investors. So the answer is pretty clear in several cases, it was greed. It has been reported that more than 0 million in commissions from promoting GPB Capital investments was paid to broker-dealers and qualified financial advisors to incentivize their recommending these investments to public investor buyers. Within the course of action, more than .8 billion in capital was raised by GPB Capital within the process.

With up to 60 independent broker-dealer firms and a huge number of specialist financial advisors promoting GPB investments funds more than the previous various years, the net effect here could be a enormous loss for public investor clients all over the nation. Well-known broker-dealer firms which includes Sagepoint Financial, Dawson James, FSC Securities, Advisor Group, and Woodbury Financial have marketed and sold the GPB investments to their consumers.

GPB Capital investors might would like to speak to an lawyer for a free, private consultation to talk about some of the options that may be obtainable to some investors. In most cases the broker-dealer firms earned substantial revenue selling GPB Capital to investor prospects and negligently or improperly performed the requisite due diligence and monitoring of the investments for the investor customers. Similarly, the professional financial advisors within the sales procedure created negligent or improper suggestions, have been not effectively supervised by the firms, as well as the ongoing monitoring also as subsequent recommendations to “hold” were also negligent or improper.

For a free confidential consultation with one of our skilled attorneys, please call now 1-800-856-3352.
Jason Haselkorn
Haselkorn and Thibaut, P.A.
+1 561-585-0000