Recover GPB Capital Losses

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After inquiries by the SEC, FINRA and the FBI, GPB Capital has announced significant losses in the value of its investment funds.  Two of its funds, GPB Holdings II and GPB Automotive Portfolio, have reported losses of 25.4% and 39%, respectively according to InvestmentNews.com

GPB Capital Holdings is a New York based alternative asset management firm with approximately $1.5 billion in investor capital, invested through a variety of different private placements. Investors in these funds who have suffered losses should contact Sallah Astarita & Cox, LLC for a review of their investments and to determine if the losses are recoverable.


Use the contact form in the right column and an attorney will contact you.


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If you have any questions or concerns regarding your investment in GPB Capital, or any other private placement, contact Sallah Astarita & Cox, by telephone at 212-509-6544. The attorneys in the firm have experience as SEC Prosecutors, criminal prosecutors and defense counsel, in house counsel to brokerage firms and investor advocates, with over 30 years of experience and over 700 securities arbitrations. 

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SEC Adopts New Rules and Amendments under Title VII of Dodd-Frank

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The Securities and Exchange Commission today announced that it took a significant step toward establishing the regulatory regime for security-based swap dealers by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Wall…
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from The Securities Law Home Page – SECLaw.com

Can Claims Regarding False Criminal Report be Forced to FINRA Arbitration?

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A New Jersey pastor who was falsely arrested because of errors made by Wells Fargo employees may be forced to resolve legal claims against the bank in arbitration, renewing questions about banks’ use of the process.

According to press reports, Jeff Edwards, the pastor of Parsippany United Methodist Church for the past 29 years, sued Wells Fargo in May to recoup costs related to his arrest, which was eventually dismissed after it became clear the bank had mistakenly identified the wrong person related to cashing fraudulent checks.

Wells Fargo is seeking to move the case out of court, arguing that the pastor is bound by an arbitration clause he signed when he opened his account with First Union 22 years ago.

As I have discussed many times, those arbitration agreements are binding, but the exact language of the agreement is going to be significant. While all of the brokerage firms use similar language in their arbitration agreements, there are some differences. It will be interesting to

In addition, according to the article, the arbitration agreement was signed 22 years ago. FINRA has specific requirements as to the terms and conditions of such agreement, and the agreement may not be enforceable if those terms and conditions are not met. Many of those conditions were imposed in recent years, as the rule was amended at least 5 times in the last 30 years.

from The Securities Law Home Page – SECLaw.com

SEC Charges ICO Incubator and Founder for Unregistered Offering and Unregistered Broker Activity

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The Securities and Exchange Commission today sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal $14 million securities offering of ICOBox’s digital tokens and for acting as unregistered brokers for other digital asset offerings.…
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from The Securities Law Home Page – SECLaw.com

SEC Proposes Rules to Update Statistical Disclosures for Banking Registrants

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The Securities and Exchange Commission today announced that it has proposed rules to update the statistical disclosures that bank and savings and loan registrants provide to investors, and eliminate disclosures that overlap with Commission rules, U.S.…
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from The Securities Law Home Page – SECLaw.com

Raymond James Agrees to Pay $15 Million for Improperly Charging Retail Investors

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The Securities and Exchange Commission today instituted a settled order against three Raymond James entities for improperly charging advisory fees on inactive retail client accounts and charging excess commissions for brokerage customer investments in…
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from The Securities Law Home Page – SECLaw.com

Two Broker-Dealers to Pay $4.65 Million in Penalties for Providing Deficient Blue Sheet Data

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The Securities and Exchange Commission today announced that Stifel, Nicolaus & Co., Inc. has agreed to pay $2.7 million and BMO Capital Markets Corp. has agreed to pay $1.95 million to settle charges for providing incomplete and inaccurate…
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from The Securities Law Home Page – SECLaw.com

SEC Charges Prudential Subsidiaries For Misleading Funds They Advised, Generating Tens of Millions in Tax Benefits for Prudential

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The Securities and Exchange Commission today charged two subsidiaries of Prudential Financial Inc. with failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised. According to the SEC’s order,…
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— Visit the Securities Lawyer website.

from The Securities Law Home Page – SECLaw.com