Jason J. Mosher is an investment advisor with Sheppard Mosher in Canandaigua, NY, and he has been registered with Kalos Capital, Inc. (September 2014 to Present). InvestmentFraudLawyers.com is currently investigating the sales practices of Mr. Mosher to clients specifically of GPB Capital Holdings.
Mr. Mosher holds FINRA Series 6, Series 7, Series 63, and Series 65 registrations. Investment Advisors such as Mr. have a legal and regulatory obligation to recommend only suitable investments appropriate for their clients. Their supervising FINRA-registered brokerage firm, such as Kalos Capital, has a legal and regulatory obligation to supervise the investment-related activities of their investment advisors, including investment sales practices. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The sole purpose of this notice is to investigate the sales practices and supervision issues related to Mr. Mosher, Sheppard Mosher, and Kalos Capital concerning any transaction in GPB Capital funds. If you have information about these issues, please contact our office at 1-800-856-3352 or email us directly at [email protected]. For more information related to GPB Capital, please see below, or visit our website at www.investmentfraudlawyers.com.
GPB Capital funds are non-traded private placement alternative investments that were well-known in the securities industry as providing the investment advisors and the broker-dealer firms that marketed these securities with substantial commissions and fee incentives.
The background and history related to GPB Capital funds has not been very pretty for most investors. Over the last two years, GPB has been investigated by several agencies, raided by the FBI, had their Compliance Officer arrested, and numerous lawsuits.
GPB’s Most Recent News
In January, a Delaware state court complaint was filed by regulators that reiterates some of the prior allegations found in other pending cases involving GPB Capital Holdings.
While the most recent Complaint was a derivative Complaint filed by GPB investors directly against GPB Capital, Jeffrey Lash, David Gentile and Jeffrey Schneider (and other parties) including the GPB LPs themselves (as nominal defendants), alleging mismanagement by a group of bad individuals who as a result of bad faith and misconduct cannibalized the GPB assets, this is likely just the first inning of a long ball game for these plaintiffs.
The Massachusetts state securities regulators filed a complaint after investigating specific issues and note that the potential conflicts of interest related to entities owned or controlled by David Gentile raise questions as do the issues related to the fact that investors were receiving a partial return of their investment (as opposed as a return on their investment) when it came to the distributions that GPB was paying to investors. These are two issues that firms such as Crown Capital Securities perhaps should have noticed in the due diligence process.
Haselkorn & Thibaut has offices nationwide and offers free consultations and case reviews for clients. Please call 1-800-856-3352 or email us directly at [email protected].