{"id":26634,"date":"2022-04-08T09:52:35","date_gmt":"2022-04-08T14:52:35","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=26634"},"modified":"2022-04-11T11:27:21","modified_gmt":"2022-04-11T16:27:21","slug":"broker-dealers-sold-gpb-private-placements","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/broker-dealers-sold-gpb-private-placements\/","title":{"rendered":"Dempsey Lord Smith, BD4IA, and Geneos Wealth Management Fined For Selling GPB Private Placements To Customers"},"content":{"rendered":"

FINRA Accuses Broker-Dealers of Negligence and Unsuitability\u00a0<\/span><\/h2>\n

The Financial Industry Regulatory Authority (FINRA) recently fined three brokerage firms for negligently selling <\/span>GPB Capital Holdings<\/span><\/a> private placements to retail customers. The broker-dealers are Dempsey Lord Smith, BD4RIA, and Geneos Wealth Management.\u00a0<\/span><\/p>\n

They have agreed to pay a $70K fine plus more than $30K restitution (with interest), a $45K fine along with $40K restitution, and $400K, respectively. The self-regulatory organizations’ (SRO’s) case against Geneos is also over its sales of the LJM Preservation & Growth Fund to customers.<\/span><\/p>\n

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

FINRA Accuses Broker-Dealers of Negligence and Unsuitability\u00a0 The Financial Industry Regulatory Authority (FINRA) recently fined three brokerage firms for negligently selling GPB Capital Holdings private placements to retail customers. The broker-dealers are Dempsey Lord Smith, BD4RIA, and Geneos Wealth Management.\u00a0 They have agreed to pay a $70K fine plus more than $30K restitution (with interest), […]<\/p>\n","protected":false},"author":6,"featured_media":26636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[3188,4066],"class_list":["post-26634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-gpb-capital-holdings","tag-gpb-private-placements"],"yoast_head":"\nSeveral Broker-Dealers Fined For Selling GPB Private Placements<\/title>\n<meta name=\"description\" content=\"In the latest GPB private placements case, several broker-dealers were fined by FINRA for selling these investments to unsuitable investors.\" \/>\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\/broker-dealers-sold-gpb-private-placements\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Several Broker-Dealers Fined For Selling GPB Private Placements\" \/>\n<meta name=\"twitter:description\" content=\"In the latest GPB private placements case, several broker-dealers were fined by FINRA for selling these investments to unsuitable investors.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/etienne-martin-2_K82gx9Uk8-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":"Several Broker-Dealers Fined For Selling GPB Private Placements","description":"In the latest GPB private placements case, several broker-dealers were fined by FINRA for selling these investments to unsuitable investors.","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\/broker-dealers-sold-gpb-private-placements\/","twitter_card":"summary_large_image","twitter_title":"Several Broker-Dealers Fined For Selling GPB Private Placements","twitter_description":"In the latest GPB private placements case, several broker-dealers were fined by FINRA for selling these investments to unsuitable investors.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/etienne-martin-2_K82gx9Uk8-unsplash-1.jpg","twitter_misc":{"Written by":"Samuel B. 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