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.
— 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.
Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2021 is not required. These adjustments do not directly affect the amount of funding…
HK Property Investor Goodwin Gaw Spies World Of Bargains On The Horizon After a tough year at his property-focused private equity firm, Gaw Capital, Goodwin Gaw is keeping his powder dry for deals in the year ahead. #securitieslaw #seclaw #securitiesattorney https://www.forbes.com/sites/jenniferwells/2021/02/24/hk-property-investor-goodwin-gaw-spies-world-of-bargains-on-the-horizon/
The Securities and Exchange Commission today announced awards totaling more than $1.7 million to two whistleblowers in separate proceedings. Both whistleblowers provided Forms TCR to the Commission within 30 days of their first learning of the Form…
Behind the Process: How an Enforcement Action Becomes an Enforcement Action http://feeds.finra.org/~r/FINRACompliancePodcast/~3/5DGNUTQ9CVY/behind-the-process-how-an-enforcement-action-becomes-an-enforcement-action-o4hRIxlR #seclaw#securitieslawyer
Has Bitcoin Just Gone Mainstream? The SEC reports that Tesla has invested $1.5 billion in bitcoin. The decision by figures like Elon Musk or important companies such as Tesla is simply one more step toward the normalization of cryptocurrencies. #securitiesattorney #seclaw #securitieslaw https://www.forbes.com/sites/enriquedans/2021/02/08/has-bitcoin-just-gone-mainstream/
Encore | Augmenting the Exam and Risk Monitoring Program with Data Analytics and Technology http://feeds.finra.org/~r/FINRACompliancePodcast/~3/T5LFP9NeAAA/encore-augmenting-the-exam-and-risk-monitoring-program-with-data-analytics-and-technology-aZPruHLf #seclaw#securitieslawyer
Walgreens Revealed As Investor In Subsidiary Of Health Insurance Company Under Federal Investigation The pharmacy giant has been steering its customers towards SeekMedicare, which is under scrutiny from both the Department of Justice and the Securities and Exchange Commission. #seclaw #securitieslawyer #securitiesattorney https://www.forbes.com/sites/katiejennings/2021/02/12/walgreens-revealed-as-investor-in-insurance-company-under-federal-investigation/
Watch Live: GameStop Hearing On Market Manipulation The billionaire founders of Robinhood and market-maker Citadel Securities are among those testifying. #securitiesattorney #securitieslawyer #seclaw https://www.forbes.com/sites/jonathanponciano/2021/02/18/watch-live-gamestop-hearing-on-market-manipulation/
Sallah Astarita & Cox in the news, at Law.com and Daily Business Review:
Sandra Kuba, a senior financial analyst who has been with The Walt Disney Co. for nearly two decades, reported billions of dollars of alleged financial irregularities, and accused the financial arm of the publicly-traded entity of harassment and retaliation after she spoke out.
And now attorney James Sallah, partner at Sallah, Astarita & Cox in Boca Raton and former senior counsel in the U.S. Security and Exchange Commission in Miami, said if Kuba’s allegations are true, the whistleblower complaint effectively laid out a blueprint to bring these types of cases to court.
James Sallah of Sallah Astarita & Cox, said if true, the allegations in the complaint, specifically of accounting fraud and deficiency of internal controls, could be the basis of federal securities law violations if they made their way into public documents and are known internally to be inaccurate.
Reddit Trader Roaring Kitty Accused Of Fraud In The Latest Wild Lawsuit Coming Out Of GameStop Saga One of Reddit’s most outspoken WallStreetBets traders is being sued for alleged securities fraud. #securitiesattorney #securitieslaw #securitieslawyer https://www.forbes.com/sites/jonathanponciano/2021/02/17/gamestop-saga-reddit-trader-roaring-kitty-accused-of-fraud-in-the-latest-wild-lawsuit/