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Dempsey Lord Smith, BD4IA, and Geneos Wealth Management Fined For Selling GPB Private Placements To Customers

Published on: April 8, 2022 | by Samuel B. Edwards

FINRA Accuses Broker-Dealers of Negligence and Unsuitability The Financial Industry Regulatory Authority (FINRA) recently fined three brokerage firms for negligently selling GPB Capital Holdings private placements to retail customers. The broker-dealers are Dempsey Lord Smith, BD4RIA, and Geneos Wealth Management. They have agreed to pay a $70K fine plus more than $30K restitution (with interest), […]

Ex-SagePoint Financial Broker Dan Dillard Sold GPB Private Placements to Customers

Published on: May 13, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Former Texas Stockbroker Founded Nest Financial in Austin Our GPB private placement lawyers are investigating investment losses suffered by former customers of ex-SagePoint Financial registered representative, Daniel G. Dillard. Although he is no longer a registered broker, Dillard remains a registered investment advisor and the founder of Nest Financial in Austin. He is currently named […]

Crown Capital Securities Broker Kenneth Barroga Under Scrutiny For Possibly Selling GPB Private Placements

Published on: January 6, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Watsonville, CA Financial Advisor is Also Barroga & Associates President If you are an investor who has suffered significant losses while working with Crown Capital Securities broker, Kenneth James Barroga, our California securities fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) want to talk to you. Barroga, who also is […]

Florida Retiree Loses Money in GPB Private Placements & REITs While Under Supervision Of CFG Capital Management Advisor Mark Cline

Published on: September 25, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investor’s FINRA Arbitration Claim Seeks Damages of Up to $100K in GPB Private Placements and Other Securities A Florida retiree has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against the brokerage firm, National Securities Corp. The claimant contends that agents of National Securities Corp overconcentrated his account in real estate investment trusts (REITs), […]

Dai Securities Broker Sold GPB Private Placements To Customers While At Previous Brokerage Firms

Published on: August 3, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Joseph Michaletz Named in Multiple Customer Disputes Since December 2019 Joseph Gerard Michaletz, a Dai Securities broker, is the subject of seven customer complaints that were filed over the last eight months. The allegations against him claim that he sold GPB private placements to customers for whom they were unsuitable. This happened while he was a […]

Elderly Retiree Claims Sheppard Mosher advisor Jason Mosher Overconcentrated His IRA With GPB Private Placements

Published on: June 11, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investor Sues Kalos Capital Over GPB Capital Losses A widower retiree in his eighties is suing Kalos Capital for losses he suffered in GPB Capital Holdings’ private placements and other risky investments that were recommended to him by Kalos broker, Jason Mosher. The claimant contends that Mosher, who operates his business under the name Sheppard […]

Shepherd Smith Edwards and Kantas Investigates Ex-Triad Advisors Broker Michael Sievert For Selling GPB Private Placements

Published on: December 27, 2019 | by Shepherd Smith Edwards & Kantas, LLP

Michael Sievert is Now an Arkadios Capital Broker If you were an investor who suffered losses from GPB Capital Holdings investments that were sold to you by broker Michael Sievert, please contact Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today. Sievert is currently an Arkadios Capital broker. Already, he is the subject of […]

Kalos Financial Sends Letter to Investor Defending Its Sale of GPB Private Placements

Published on: November 14, 2019 | by Shepherd Smith Edwards & Kantas, LLP

Kalos Financial Defends Its Sale Of GPB Private Placements In a letter issued to investors on November 4th, Kalos Financial President, Larry Lyons, reported that its due diligence team recently met with senior GPB Capital Holdings executives including CEO, David Gentile. The brokerage firm is one of dozens of broker-dealers under fire for selling GPB […]

Sagepoint Financial and Royal Alliance Sold GPB Private Placements to Investors

Published on: August 30, 2019 | by Shepherd Smith Edwards & Kantas, LLP

Two broker-dealers, Sagepoint Financial and Royal Alliance, recently made headlines after investors who bought GPB Capital Holdings private placements from them sued the alternative asset firm in a class action securities fraud case. GPB Capital Holdings, which invests in waste management and car dealerships, is accused of operating a $1.8B Ponzi scam. The lead plaintiffs […]

Texas Investor Says Kalos Capital Advisor Inappropriately Recommended GPB Private Placements

Published on: August 5, 2019 | by Shepherd Smith Edwards & Kantas, LLP

A Texas investor has filed an investor fraud claim against Kalos Capital, Inc. and its financial advisor Joshua Daniel Stivers, who operated under the name Platinum Wealth Advisory. The retired investor claims that Stivers promised her an investment plan that was low risk and conservative. Instead, the Kalos Capital advisor allegedly employed an unsuitable employment strategy […]