{"id":19629,"date":"2021-03-19T10:04:21","date_gmt":"2021-03-19T15:04:21","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19629"},"modified":"2021-03-19T10:04:21","modified_gmt":"2021-03-19T15:04:21","slug":"advisor-group-gpb-capital-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/","title":{"rendered":"Advisor Group Broker-Dealers Named in GPB Capital Fraud Claims Raised Their Legal Reserves"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Customers of Sagepoint Financial, Royal Alliance Associates, and FSC Securities Have Suffered Losses in the GPB Funds\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to InvestmentNews, three Advisor Group brokerage firms raised their reserves for expected \u201clegal and regulatory matters\u201d by up to three times last year. The firms disclosed this information in their 2020 Focus Reports, which are financial statements that they recently submitted with the US Securities and Exchange Commission (SEC).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the broker-dealers did not explain what they needed these added legal reserves for, they are among the dozens of financial firms that collectively earned over $160M in commissions from selling GPB private placements to investors.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/\"  title=\"Continue Reading Advisor Group Broker-Dealers Named in GPB Capital Fraud Claims Raised Their Legal Reserves\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Customers of Sagepoint Financial, Royal Alliance Associates, and FSC Securities Have Suffered Losses in the GPB Funds\u00a0 According to InvestmentNews, three Advisor Group brokerage firms raised their reserves for expected \u201clegal and regulatory matters\u201d by up to three times last year. The firms disclosed this information in their 2020 Focus Reports, which are financial statements [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[3188,4536],"class_list":["post-19629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-gpb-capital-holdings","tag-gpb-capital-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advisor Group Firms Raised Their Legal Reserves | GPB Capital Lawyers<\/title>\n<meta name=\"description\" content=\"Various broker-dealers named in GPB Capital fraud claims have raised their legal reserves in recent weeks. Find out more.\" \/>\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\/advisor-group-gpb-capital-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Advisor Group Firms Raised Their Legal Reserves | GPB Capital Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Various broker-dealers named in GPB Capital fraud claims have raised their legal reserves in recent weeks. 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Find out more.","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\/advisor-group-gpb-capital-fraud\/","twitter_card":"summary_large_image","twitter_title":"Advisor Group Firms Raised Their Legal Reserves | GPB Capital Lawyers","twitter_description":"Various broker-dealers named in GPB Capital fraud claims have raised their legal reserves in recent weeks. Find out more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/jack-young-ia14r9mE44I-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/","name":"Advisor Group Firms Raised Their Legal Reserves | GPB Capital Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/jack-young-ia14r9mE44I-unsplash-1.jpg","datePublished":"2021-03-19T15:04:21+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Various broker-dealers named in GPB Capital fraud claims have raised their legal reserves in recent weeks. Find out more.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/jack-young-ia14r9mE44I-unsplash-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/jack-young-ia14r9mE44I-unsplash-1.jpg","width":640,"height":427,"caption":"The broker-dealers that form the Advisor Group are raising their legal reserves after being named in GPB capital fraud claims."},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-fraud\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Advisor Group Broker-Dealers Named in GPB Capital Fraud Claims Raised Their Legal Reserves"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/jack-young-ia14r9mE44I-unsplash-1.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-56B","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/19629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=19629"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/19629\/revisions"}],"predecessor-version":[{"id":19631,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/19629\/revisions\/19631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/19630"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=19629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=19629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=19629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}