Recover GPB Capital Losses

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. 

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Robinhood Facing Multiple SEC Investigations Into Its Business Practices

According to Forbes, Robinhood is reportedly facing multiple investigations by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding its March service outage, and, separately, 2018 disclosures relating to its revenue practices.

Details on the investigations are scarce. Bloomberg reports that it has received information from a source involved in a joint SEC/FINRA investigation of how the company handled and responded to a major service disruption in March. Separately, the SEC is reportedly looking into public disclosures of the company’s practice of selling client order flow to third-party firms.

https://www.forbes.com/sites/advisor/2020/09/03/robinhood-investigation-sec-finra

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Interactive Brokers Charged With Failing to File Suspicious Activity Reports

The Securities and Exchange Commission today announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap securities trades it executed on…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from The Securities Law Home Page – SECLaw.com

SEC Charges Interactive Brokers With Repeatedly Failing to File Suspicious Activity Reports

The Securities and Exchange Commission today announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap securities trades it executed on…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from SECLaw.com

SEC Charges Consumer Loan Company With FCPA Violations

The Securities and Exchange Commission today announced that World Acceptance Corporation, a South Carolina-based consumer loan company, has agreed to pay $21.7 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA). …

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from SECLaw.com

SEC Charges Consumer Loan Company With FCPA Violations

The Securities and Exchange Commission today announced that World Acceptance Corporation, a South Carolina-based consumer loan company, has agreed to pay $21.7 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA). …

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from The Securities Law Home Page – SECLaw.com

Lindsay McCord Named Chief Accountant in Division of Corporation Finance

The Securities and Exchange Commission today announced that Lindsay McCord has been named Chief Accountant in the Division of Corporation Finance. Ms. McCord has served as Acting Chief Accountant in the Division since March 2020, leading its work to…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from SECLaw.com

SEC Charges Affiliated Advisers for Misrepresentations About Payment for Order Flow Arrangements

The Securities and Exchange Commission today filed settled charges against affiliated registered investment advisers WBI Investments Inc. and Millington Securities Inc. for making material misrepresentations to clients about compensation Millington…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from SECLaw.com

Enforcement Co-Director Steven Peikin to Depart

The Securities and Exchange Commission today announced that Division of Enforcement Co-Director Steven Peikin will leave the agency on Aug. 14, 2020. During his more than three years serving alongside Co-Director Stephanie Avakian, Mr. Peikin…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from SECLaw.com

Lindsay McCord Named Chief Accountant in Division of Corporation Finance

The Securities and Exchange Commission today announced that Lindsay McCord has been named Chief Accountant in the Division of Corporation Finance. Ms. McCord has served as Acting Chief Accountant in the Division since March 2020, leading its work to…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from The Securities Law Home Page – SECLaw.com

SEC Charges Affiliated Advisers for Misrepresentations About Payment for Order Flow Arrangements

The Securities and Exchange Commission today filed settled charges against affiliated registered investment advisers WBI Investments Inc. and Millington Securities Inc. for making material misrepresentations to clients about compensation Millington…

Read the Full Press Release


Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from The Securities Law Home Page – SECLaw.com