{"id":21651,"date":"2022-02-28T05:00:43","date_gmt":"2022-02-28T11:00:43","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21651"},"modified":"2022-03-01T11:40:46","modified_gmt":"2022-03-01T17:40:46","slug":"msc-bd-gpb-private-placement-losses","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/","title":{"rendered":"MSC-BD Ordered to Pay Widow $221K Over GPB Private Placement Losses"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Former MSC-BD Broker Robert Fehrman Made Unsuitable GPB Private Placement Recommendations\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A Financial Industry Regulatory Authority (FINRA) arbitration panel has <\/span><a href=\"https:\/\/www.finra.org\/sites\/default\/files\/aao_documents\/20-03396.pdf\"><span style=\"font-weight: 400;\">awarded a widow $221K in compensatory damages<\/span><\/a><span style=\"font-weight: 400;\">, legal fees, and costs against brokerage firm MSC-BD, LLC over losses she sustained in GPB private placements. <\/span><a href=\"https:\/\/www.investorlawyers.com\/gpb-capital-holdings-background-information.html\"><span style=\"font-weight: 400;\">GPB Capital Holdings<\/span><\/a><span style=\"font-weight: 400;\"> is accused of running a more than $1.8B Ponzi scam that defrauded over 17,000 investors, including many seniors and retail clients.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MSC-BD is a broker-dealer owned by Austin, Texas-based investment banking firm Madison Street Capital. The widow\u2019s ex-broker, Robert Malone Fehrman, is no longer with the firm. At least one other customer accuses him of selling investments in the GPB Funds.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/\"  title=\"Continue Reading MSC-BD Ordered to Pay Widow $221K Over GPB Private Placement Losses\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former MSC-BD Broker Robert Fehrman Made Unsuitable GPB Private Placement Recommendations\u00a0 A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded a widow $221K in compensatory damages, legal fees, and costs against brokerage firm MSC-BD, LLC over losses she sustained in GPB private placements. GPB Capital Holdings is accused of running a more than $1.8B [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[3103,4066,4698,4700],"class_list":["post-21651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-gpb-capital","tag-gpb-private-placements","tag-msc-bd","tag-robert-malone-fehrman"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Widow Awarded $221K Over GPB Private Placement Losses<\/title>\n<meta name=\"description\" content=\"MSC-BD has been ordered to pay a widow over $221K in damages for the unsuitable recommendation of GPB private placements\" \/>\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\/msc-bd-gpb-private-placement-losses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widow Awarded $221K Over GPB Private Placement Losses\" \/>\n<meta name=\"twitter:description\" content=\"MSC-BD has been ordered to pay a widow over $221K in damages for the unsuitable recommendation of GPB private placements\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/hands-545394_640-1.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":"Widow Awarded $221K Over GPB Private Placement Losses","description":"MSC-BD has been ordered to pay a widow over $221K in damages for the unsuitable recommendation of GPB private placements","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\/msc-bd-gpb-private-placement-losses\/","twitter_card":"summary_large_image","twitter_title":"Widow Awarded $221K Over GPB Private Placement Losses","twitter_description":"MSC-BD has been ordered to pay a widow over $221K in damages for the unsuitable recommendation of GPB private placements","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/hands-545394_640-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"MSC-BD Ordered to Pay Widow $221K Over GPB Private Placement Losses","datePublished":"2022-02-28T11:00:43+00:00","dateModified":"2022-03-01T17:40:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/"},"wordCount":493,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/hands-545394_640-1.jpg","keywords":["GPB capital","GPB Private Placements","MSC-BD","Robert Malone Fehrman"],"articleSection":["GPB Capital"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/","url":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/","name":"Widow Awarded $221K Over GPB Private Placement Losses","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/hands-545394_640-1.jpg","datePublished":"2022-02-28T11:00:43+00:00","dateModified":"2022-03-01T17:40:46+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"MSC-BD has been ordered to pay a widow over $221K in damages for the unsuitable recommendation of GPB private placements","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/hands-545394_640-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/02\/hands-545394_640-1.jpg","width":640,"height":426,"caption":"Widow was told to invest in a GPB private placement although it is unsuitable for her investment goals"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/msc-bd-gpb-private-placement-losses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"MSC-BD Ordered to Pay Widow $221K Over GPB Private Placement Losses"}]},{"@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; 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