{"id":18490,"date":"2019-11-26T10:54:52","date_gmt":"2019-11-26T16:54:52","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18490"},"modified":"2019-12-02T12:50:51","modified_gmt":"2019-12-02T18:50:51","slug":"national-financial-services-gives-gpb-investors-deadline","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/national-financial-services-gives-gpb-investors-deadline\/","title":{"rendered":"National Financial Services Gives GPB Investors Deadline to Move Investments To Another Platform"},"content":{"rendered":"

National Financial Services Customers Have 60 Days To Transfer GPB Investments\u00a0<\/span><\/h2>\n

Five months after announcing that investors of GPB Capital Holdings private placements would no longer be carrying these alternative investments (AI) on its platform, National Financial Services (NFS) is sending letters to customers notifying them that they have 60 days after January 14, 2020, to transfer their GPB Holdings II securities.\u00a0<\/span><\/p>\n

The GPB Holdings II securities must be transferred to another custodian broker or their alternative investment (AI) positions will be registered directly in their name. This is one of the larger <\/span>GPB private placement funds<\/span><\/a> that, as of June, had reported a 25.4% drop in value. National Financial Services (NFS) is a Fidelity Investments clearing and custody unit.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

National Financial Services Customers Have 60 Days To Transfer GPB Investments\u00a0 Five months after announcing that investors of GPB Capital Holdings private placements would no longer be carrying these alternative investments (AI) on its platform, National Financial Services (NFS) is sending letters to customers notifying them that they have 60 days after January 14, 2020, […]<\/p>\n","protected":false},"author":2,"featured_media":18492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4043,4102,3929],"tags":[2627,3767,4066,4114],"class_list":["post-18490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-investments","category-gpb-capital","category-national-financial-services","tag-alternative-investments","tag-gpb-holdings-ii","tag-gpb-private-placements","tag-national-financial-services"],"yoast_head":"\nNational Financial Services Gives GPB Investors Deadline | SSEK Law<\/title>\n<meta name=\"description\" content=\"National Financial Services has given its customers who invested in GPB alternative investments 60 days to transfer funds to another custodian.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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