GPB Capital Holdings, a private equity firm embroiled in civil fraud allegations since early 2021, faces liquidation by a court-appointed receiver. This action impacts about 17,000 investors, whose funds have been frozen since 2018. Chief Judge Margo Brodie of the U.S. District Court for the Eastern District of New York assigned Joseph Gardemal of Alvarez […]
What is going with GPB Capital Holdings? (2024) Read More »
A significant development has surfaced in the financial investment sector. This month, the Financial Industry Regulatory Authority (FINRA) initiated an enforcement action against Luke Johnson, a former Coastal Equities representative and Scottsdale financial advisor. The Crux of the Allegations The crux of the allegations centers around the unsuitable investments, including GPB Capital and other illiquid
Luke Johnson (Coastal Equities) Accused in $314,400 FINRA Complaint Read More »
Jeffrey Max Cohen (CRD# 2528929), a financial advisor affiliated with Moloney Securities, has been the subject of numerous complaints and lawsuits over the years. This article will delve into the details of these allegations and the resulting legal actions. Background Cohen has been in the securities industry since 1994, with a history of employment at
Jeff Cohen BARRED: A History of Complaints and Lawsuits Read More »
The Financial Industry Regulatory Authority (FINRA) continues to penalize broker-dealers for irregularities in the sale of GPB Capital Holdings’ private placements. The most recent addition to the list is Center Street. This distinction is due to their failure to alert 20 investors that GPB, the issuer, had missed the deadline for filing certain documents with
Center Street Fined By FINRA For GPB Capital Sales Read More »
Robert Fehrman, a former MSC-BD broker, allegedly made unsuitable GPB Capital private placement recommendations. A widow was awarded $221,000 in compensatory damages, legal expenses, and other fees by a Financial Industry Regulatory Authority (FINRA) arbitration panel against brokerage firm MSC-BD, LLC for losses she incurred in GPB private placements. GPB Capital Holdings was indicted for
Widow To Get $221K From Robert Fehrman MSC-BD Over GPB Capital Private Placement Losses Read More »