{"id":19495,"date":"2021-02-08T03:17:51","date_gmt":"2021-02-08T09:17:51","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19495"},"modified":"2021-02-05T09:18:34","modified_gmt":"2021-02-05T15:18:34","slug":"arete-wealth-management-gpb-capital-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/arete-wealth-management-gpb-capital-case\/","title":{"rendered":"GPB Capital Fraud Case Against Arete Wealth Management Results In $515K Arbitration Award"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Claimants Had Alleged Negligence, Poor Supervision, and Other Charges\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded one customer and his trust $515K in their GPB private placement fraud claim against Arete Wealth Management. The Chicago-based brokerage firm also has been ordered to pay all of the claimant\u2019s legal fees. The award is more than twice what was sought by the claimants, who had requested $225K in damages.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is just one of the thousands of broker-dealer negligence claims brought against the financial firms and their registered representatives that marketed and sold GPB investments to their customers. GPB Capital Holdings, which invests primarily in waste management and auto dealerships, has allegedly been running an over $1.5B Ponzi scam.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/arete-wealth-management-gpb-capital-case\/\"  title=\"Continue Reading GPB Capital Fraud Case Against Arete Wealth Management Results In $515K Arbitration Award\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Claimants Had Alleged Negligence, Poor Supervision, and Other Charges\u00a0 A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded one customer and his trust $515K in their GPB private placement fraud claim against Arete Wealth Management. The Chicago-based brokerage firm also has been ordered to pay all of the claimant\u2019s legal fees. The award is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19496,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3953,4102],"tags":[4516,3188,4513],"class_list":["post-19495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbitration-rulings","category-gpb-capital","tag-arete-wealth-management","tag-gpb-capital-holdings","tag-gpb-lawsuit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arete Wealth Management Loses GPB Capital Case | GPB Lawyers<\/title>\n<meta name=\"description\" content=\"Arete Wealth Management recently lost its GPB Capital fraud claim resulting in the firm settling an arbitration award of over $500K.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/arete-wealth-management-gpb-capital-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Arete Wealth Management Loses GPB Capital Case | GPB Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Arete Wealth Management recently lost its GPB Capital fraud claim resulting in the firm settling an arbitration award of over $500K.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Arete Wealth Management Loses GPB Capital Case | GPB Lawyers","description":"Arete Wealth Management recently lost its GPB Capital fraud claim resulting in the firm settling an arbitration award of over $500K.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/arete-wealth-management-gpb-capital-case\/","twitter_card":"summary_large_image","twitter_title":"Arete Wealth Management Loses GPB Capital Case | GPB Lawyers","twitter_description":"Arete Wealth Management recently lost its GPB Capital fraud claim resulting in the firm settling an arbitration award of over $500K.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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