The law firm of Haselkorn and Thibaut, P.A. is investigating potential claims of GPB Capital’s GPB Automotive Portfolio on behalf of investors. The investment fraud lawyers investigation includes potential claims of millions against the brokerage companies that sold the GPB funds, in addition to claims against GPB itself to recover investor losses.
GPB Capital was established in 2013 and turned into one of the fastest growing private placement firms selling shares through independent broker-dealers. Since then GPB Capital has raised $1.8 billion by accredited investors through 63 broker-dealers.
However, GPB has taking a break from raising new money because of investigations and according to GPB to straighten out the accounting and financial statements of the large funds. In November, the company’s auditor, Crowe LLP, resigned.
GPB Capital Lawsuits and Investigations
Problems started earlier, just last September, the Massachusetts Secretary of the Commonwealth William Galvin announced a sweeping investigation to already the focus of inquiries from the SEC and also FINRA. The FBI entered the Manhattan offices a couple of months ago with officials in the New York City Business Integrity Commission.
As mentioned previously, there are several GPB capital fraud lawsuits by investors that are worried about 100% loss. There is a limited time to make claims. Call us now for free case review at 1-800-856-3352.
Recently the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) launched investigations into GPB, citing industry sources.
Back in December 2018, several news sites reported the SEC and the Financial Industry Regulatory Authority (“FINRA”) started investigations into the broker-dealers and GPB Capital itself. In January that the FBI mad an unannounced trip to GPB Capital’s New York office as part of an investigation into GPB Waste.
What GPB Automotive Investors Must Do
We are receiving calls from investors that are worried about a complete loss of their GPB Automotive investment. Most are are unsure what do. The reality is there are several options available to investors to recover funds.
Filing an investment claim against a broker dealer can be very stressful for investors. We pride ourselves of handling everything for clients and speaking in terms they will understand. In most cases, all the work is done for clients without any involvement from them.
Haselkorn and Thibaut, InvestmentFraudLawyers.com, specializes in investment fraud and fighting for investors. We have over 40 years of industry experience with a 95% success rate. Our firm takes most cases of this type to get a contingency fee basis. No recovery. no fee.
If you lost money through your investments using GBP Capital, you ought to call securities attorneys a for a free, no-obligation review of your choices 1-800-856-3352 or website consultation form.