{"id":23272,"date":"2022-03-11T14:50:30","date_gmt":"2022-03-11T20:50:30","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=23272"},"modified":"2022-03-11T14:50:30","modified_gmt":"2022-03-11T20:50:30","slug":"advisor-group-gpb-capital-claims","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/advisor-group-gpb-capital-claims\/","title":{"rendered":"Advisor Group Broker-Dealers Facing $19.4M in GPB Capital Holdings Investor Claims"},"content":{"rendered":"

In Focus Reports submitted to the US Securities and Exchange Commission (SEC) in February 2022, four brokerage firms from the Advisor Group network disclosed that they were respondents in 58 Financial Industry Regulatory Authority (FINRA) arbitration cases. These arbitration cases, from July 2019 through the end of 2021, were over GPB-related losses.<\/span><\/p>\n

GPB Capital Holdings, LLC<\/span><\/a>, which issued these private placements, is accused of operating an over $1.8B Ponzi scam that defrauded more than 17,000 thousand investors. GPB investors typically purchased these high-commission products in $50K to $100K tranches. They have since suffered substantial investment losses.\u00a0<\/span><\/p>\n

Distributions of GPB private placements were stopped in 2018. Ponzi fraud allegations, resulting investigations, and litigation followed. The GPB funds plunged in value. Meanwhile, dozens of brokerage firms marketed and sold these alternative investments to customers, earning many millions of dollars in commissions and fees.<\/span><\/p>\n

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

In Focus Reports submitted to the US Securities and Exchange Commission (SEC) in February 2022, four brokerage firms from the Advisor Group network disclosed that they were respondents in 58 Financial Industry Regulatory Authority (FINRA) arbitration cases. These arbitration cases, from July 2019 through the end of 2021, were over GPB-related losses. GPB Capital Holdings, […]<\/p>\n","protected":false},"author":6,"featured_media":23273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[4333,3188],"class_list":["post-23272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-advisor-group","tag-gpb-capital-holdings"],"yoast_head":"\nAdvisor Group Firms Facing $19.4M GPB Capital Claims<\/title>\n<meta name=\"description\" content=\"Four broker-dealers in the Advisor Group\u2019s network are facing over $19.4M in GPB Capital claims. Some of these claims date back to July 2019.\" \/>\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-claims\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Advisor Group Firms Facing $19.4M GPB Capital Claims\" \/>\n<meta name=\"twitter:description\" content=\"Four broker-dealers in the Advisor Group\u2019s network are facing over $19.4M in GPB Capital claims. Some of these claims date back to July 2019.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/03\/robert-bye-6Pv4LtEw9GM-unsplash-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel B. Edwards\" \/>\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":"Advisor Group Firms Facing $19.4M GPB Capital Claims","description":"Four broker-dealers in the Advisor Group\u2019s network are facing over $19.4M in GPB Capital claims. Some of these claims date back to July 2019.","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-claims\/","twitter_card":"summary_large_image","twitter_title":"Advisor Group Firms Facing $19.4M GPB Capital Claims","twitter_description":"Four broker-dealers in the Advisor Group\u2019s network are facing over $19.4M in GPB Capital claims. 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