Investigation Alert: Haselkorn & Thibaut, a respected national law firm with over 50 years of combined securities experience, a 98% success rate, and millions recovered for investors, has announced an active investigation into securities-related matters involving Peter Chernin (CRD #6787497), a registered representative currently with Great Point Capital LLC (Chicago, IL and New York, NY).
Who Is Peter Chernin of Great Point Capital LLC?
Table of Contents
- Name: Peter Chernin
- CRD Number: 6787497
- Current Employer: Great Point Capital LLC (also known as Maverick Brokerage LLC and Great Point Trading LLC)
- Past Firms: Sandlapper Securities, LLC (05/2017–11/2018)
- Other Affiliations: Advantage 1031
- State Registrations: New York, Illinois, Texas
Peter Chernin is a registered Direct Participation Programs Representative (Series 22) and financial advisor. His primary focus has involved recommending alternative investments such as Section 1031 exchange programs and Delaware Statutory Trusts (DSTs) to clients across the United States.
Red Flags and Allegations Involving Peter Chernin at Great Point Capital LLC
Investors should be informed that there are recent customer disputes and significant settlements involving Mr. Chernin’s recommendations.
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February 2024 — $637,500 Customer Settlement:
- A client of Great Point Capital alleged unsuitable recommendation relating to Section 1031 Exchange investments, including claims of insufficient risk disclosure, lack of due diligence, and inadequate supervision by the firm.
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Recent Ongoing Customer Dispute — $1,000,000 Sought:
- A new arbitration has been filed after a retiree reportedly invested over $2 million in DSTs (including Inspired Senior Living DSTs and Inspired Healthcare Capital), with two investments ceasing distributions and a sponsor filing for bankruptcy. The retiree is seeking damages of $1,000,000.
These cases highlight core alleged issues such as:
- Unsuitable investment recommendations (potentially violating FINRA Suitability Rule 2111)
- Failure to disclose material investment risks associated with DSTs and Section 1031 exchanges
- Lack of adequate due diligence on complex real estate-oriented investment vehicles
- Insufficient firm supervision, raising questions about policies and procedures at Great Point Capital
Were your investment goals, objectives, age, or risk tolerance appropriately matched to your investments?
Understanding Delaware Statutory Trusts (DSTs) & Section 1031 Exchanges
Delaware Statutory Trusts (DSTs) allow investors to own fractional interests in real estate and are widely used in Section 1031 like-kind exchanges to defer capital gains tax. While DSTs can offer diversification and passive ownership with professional management, they also
contain risks such as loss of income, illiquidity, sponsor bankruptcy, and concentration in troubled property sectors like senior housing or hospitality. It is crucial for brokers and advisors to match these products strictly to the investor’s unique profile.
| Issue Alleged | Details |
|---|---|
| Unsuitability | Clients allege DST/1031 investments did not fit their risk tolerance or financial objectives. Regulations demand proper assessment under FINRA Rule 2111. |
| Inadequate Disclosure | Investors were not fully informed of all material risks, including potential for income disruption, sponsor financial decline, and illiquidity. |
| Lack of Supervision | Claims that Great Point Capital failed to monitor and supervise Mr. Chernin’s advice or conduct according to FINRA Rule 3110. |
| Poor Due Diligence | Failure to thoroughly investigate third-party sponsors and underlying assets before making recommendations. |
What Do Public Regulatory Records Reveal?
- FINRA BrokerCheck: As of the most recent review, BrokerCheck did not reflect customer complaints, arbitrations, or regulatory actions against Peter Chernin personally. However, settlements and disputes have been reported in legal circles and industry publications.
- SEC/EDGAR & Federal/State Courts: No current SEC enforcement orders or public civil lawsuits in federal or state court naming Peter Chernin were found. However, ongoing arbitrations and settlements may not appear in these systems.
- Regulatory Supervision: No disciplinary actions, investor alerts, or bans have been published by state regulatory or self-regulatory organizations as of the last update.
Important: Many claims involving alternative investments are resolved via confidential arbitration, which may not always be reflected in public regulatory systems. Investors should look beyond BrokerCheck alone when researching their broker’s history.
Key Takeaways for Investors Working with Peter Chernin or Great Point Capital LLC
- If you invested in Section 1031 exchange properties or Delaware Statutory Trusts (DSTs) based on recommendations from Peter Chernin, examine your account for unexplained losses, loss of distributions, or dramatic changes in your income stream.
- Many investors are unaware that FINRA arbitration may be available for damages resulting from alleged unsuitability, lack of disclosure, or inadequate supervision.
- Time is of the essence: There are strict time limits for bringing claims. Even if you are unsure if you are eligible, it is wise to have your account reviewed by an experienced securities fraud law firm.
Complimentary, Confidential Consultation for Affected Investors
If you have suffered losses connected to investments recommended by Peter Chernin or Great Point Capital LLC, contact Haselkorn & Thibaut today at 1-888-885-7162 for a free and confidential review of your circumstances.
- No fee unless there is recovery
- Nationwide coverage — Haselkorn & Thibaut has recovered millions for investors just like you
- Get clarity on your next steps and peace of mind moving forward
Don’t let uncertainty about your investments linger. Call Haselkorn & Thibaut now or request a free consultation online. Protect your retirement, your family, and your financial legacy.
