{"id":19105,"date":"2020-08-03T08:51:08","date_gmt":"2020-08-03T13:51:08","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19105"},"modified":"2020-08-05T08:51:20","modified_gmt":"2020-08-05T13:51:20","slug":"dai-securities-broker-sold-gpb-private-placements","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/dai-securities-broker-sold-gpb-private-placements\/","title":{"rendered":"Dai Securities Broker Sold GPB Private Placements To Customers While At Previous Brokerage Firms"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Joseph Michaletz Named in Multiple Customer Disputes Since December 2019<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Joseph Gerard Michaletz, a Dai Securities broker, is the subject of seven customer complaints that were filed over the last eight months.\u00a0<\/span><span style=\"font-weight: 400;\">The allegations against him claim that he sold GPB private placements to customers for whom they were unsuitable. This happened while he was a registered representative for Concorde Investment Services and before that with Triad Advisors.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GPB Capital Holdings LLC\u00a0 is accused of operating a $1.8B Ponzi scam. Many brokers and their firms did not perform the proper due diligence to make sure that the GPB Funds were legitimate investments that were safe and suitable for customers.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/dai-securities-broker-sold-gpb-private-placements\/\"  title=\"Continue Reading Dai Securities Broker Sold GPB Private Placements To Customers While At Previous Brokerage Firms\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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.\u00a0The allegations against him claim that he sold GPB private placements to customers for whom they were unsuitable. This happened while he was a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[4393,4066,4394],"class_list":["post-19105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-dai-securities","tag-gpb-private-placements","tag-joseph-michaletz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dai Securities Broker Sold GPB Private Placements | SSEK Law<\/title>\n<meta name=\"description\" content=\"Joseph Michaleta, a Dai Securities broker, is being investigated for selling GPB private placements unsuitably while at previous brokerage firms. 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