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SSEK Can Assist With GPB Capital Holding Claims
gpb holdings, gpb automotive, gpb capital lawsuit, gpb capital investigation

Our law firm represents investors nationwide with significant losses in their portfolios. In particular, we are currently representing investors with investments in GPB Capital Holdings that were placed in investors' retirement plans or investment accounts.

SSEK was one of the first firms nationwide to file a GPB investigation case. That case is fast approaching, hearing in April 2020. Subsequently, we will be one of the first firms to take a GPB Capital lawsuit to a hearing.

Our attorneys and staff have more than 100 years of combined experience in the securities industry and in securities law. Several of our lawyers served for years as Vice Presidents or Compliance Officers of brokerage firms.

Each lawyer and staff member of our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. We have handled over a thousand cases against hundreds of large and small investment firms.

Call us at (800) 259-9010 for a free, confidential consultation with a fraud attorney to discuss your experiences with GPB Holdings and to learn how our firm may be able to help you.

Examples Of Allegations Involving GPB Cases Filed By Shepherd Smith Edwards And Kantas:

Arkadios Capital and David Millican
The client in this matter, from Georgia, was approaching retirement and sought a sound financial plan. Arkadios recommended the client place an unnecessarily large amount of the client's IRA in private placements. This included a $175,000 investment in the GPB Holdings II fund.

Kalos Capital and Joshua Stivers DBA Platinum Wealth Advisory
This retiree based out of the Austin area was contacted by Stivers and Kalos Capital promising safe investments. Kalos and Stivers recommended that a large portion of the client's assets be concentrated in privately traded investments, including a large position in GPB Holdings II.

International Assets Advisory
Keen Butcher, a broker registered with International Assets Advisory, solicited investors via a mailer. The elderly retirees in this matter ended up attending a seminar in which a GPB representative was present. On the recommendation of Butcher and IAA, a six-figure investment was placed in GPB, specially GPB Arvada Waste Management and GPB Automotive Portfolio. There was also another recommended investment in a privately traded entity.

Money Concepts
The couple, in this case, dealt with Chris Keelin, a broker registered with Money Concepts. Keelin is based out of the greater Birmingham, Alabama area. Money Concepts and Keelin recommend that these clients use a home equity loan to purchase the GPB investment they recommended.

Kalos Capital, Pruco Securities and Christopher Shaw
This matter involves a retiree out of North Carolina with absolutely no investment experience. The broker, Christopher Shaw, is based out of the greater Charlotte area. 100% of the client's IRA was placed in privately traded investments, the majority of which was recommended to be placed in GPB. Shaw continued to be listed as the broker of record on Equity Trust statements changing employers from Kalos Capital to Pruco Securities.

These are just a few examples of the type of situations and firms that we have encountered. Please contact us to share your story.

GPB Capital Holdings Background Information

GPB Capital Holdings is an alternative asset management firm based in New York. The firm advertises a focus on the acquisition of income-producing private companies. A large majority of GPB's portfolio includes investments in:

  • Automotive Retail
  • Debt Strategies
  • Special Situations
  • Technology Enabled Services
  • Waste Management
  • Healthcare

In 2013, David Gentile founded GPB Capital Holdings, which is headquartered in New York. Previously he was with Accounting firm of Gentile Pismeny & Brengel, LLP ("GP&B") of which he was also a founding member. According to its website, GPB Capital is a "alternative asset management firm that seeks to acquire income-producing private companies." To acquire these companies, GPB raises capital through private placements which are purchased by the consumer. In other words, GPB uses your money to buy companies.GPB Capital has reportedly claimed to have raised $1.8 billion from very prominent, accredited investors through private placement funds in waste management and automotive portfolios. However, there is mounting concern that these investors were not accredited.

GBP Holdings first came under scrutiny when it announced in the fall of 2018 that its funds were suspending dividends and redemptions and would not be selling any additional shares while the funds addressed accounting issues. Shortly after that, the alternative asset firm's auditor abruptly resigned, raising concerns that there could be accounting or other improprieties occurring within the GPB investment funds.

Around the same time, the Massachusetts Securities Regulator, William Galvin, announced that his office was investigating more than 60 brokerage firms within Massachusetts who had been selling GPB Capital Holdings to their customers.

Additional Information on GPB Capital Holdings
GPB Unable To Provide Key Documents

The alternative asset firm recently announced that it would be unable to deliver key tax documents, the K-1 form, to investors for the GPB Automotive Portfolio in time for the tax deadline this coming spring. However, this isn't the first time that the firm has failed to provide vital documents. For years, they have yet to disclose any audited financial statements to investors and regulators.

GPB Capital Holdings Under Investigation by the FBI

As recent as March 2019, GPB Capital found themselves under investigation by the Federal Bureau of Investigation ("FBI"). This visit occurred just a few months after the US Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") each began probing GPB Holdings separately.

Firms That Sold GPB Capital
  • Accelerated Capital Group
  • Advisory Group Equity Services, Ltd
  • Aegis Capital Corp
  • Aeon Capital, Inc.
  • American Capital Partners, LLC
  • Arete Wealth Management, LLC
  • Arkadios Capital
  • Ascendant Alternative Strategies, LLC
  • Ausdal Financial Partners, Inc.
  • Avere Financial Group, LLC
  • Axiom Capital Management, Inc.
  • BCG Securities, Inc.
  • Benjamin & Jerold Brokerage I, LLC
  • Cabot Lodge Securities, LLC
  • Calton & Associates, Inc.
  • Cape Securities, Inc.
  • Capital Financial Services, Inc.
  • Capital Investment Group, Inc.
  • Cascade Financial Management, Inc.
  • Center Street Securities, Inc.
  • Coastal Equities, Inc.
  • Colorado Financial Service Corp.
  • Concorde Investment Services, LLC
  • Crown Capital Securities, L.P.
  • Crystal Bay Securities, Inc.
  • D.H. Hill Securities, LLLP
  • David A. Noyes & Company
  • Dawson James Securities, Inc.
  • Dempsey Lord Smith, LLC
  • Detalus Securities, LLC
  • DFPG Investments, Inc.
  • Dinosaur Financial Group, LLC
  • Emerson Equity LLC
  • Financial West Group
  • FSC Securities Corp.
  • Geneos Wealth Management, Inc.
  • Great Point Capital, LLC
  • Hightower Securities, LLC
  • IBN Financial Services, Inc.
  • Innovation Partners LLC
  • International Assets Advisory, LLC
  • Investment Architects, Inc.
  • Kalos Capital, Inc.
  • Kingsbury Capital, Inc.
  • Landolt Securities, Inc.
  • Lewis Financial Group, L.C.
  • Lion Street Financial, LLC
  • Lowell & Company, Inc.
  • Madison Avenue Securities, Inc.
  • McDonald Partners LLC
  • McNally Financial Services Corp.
  • Moloney Securities Co., Inc.
  • Money Concepts Capital Corp.
  • MSC – BD LLC
  • National Securities Corp.
  • Newbridge Securities Corp.
  • Orchard Securities, LLC
  • Pariter Securities, LLC
  • Private Client Services, LLC
  • Purshe Kaplan Sterling Investments
  • Royal Alliance Associates, Inc.
  • Sagepoint Financial, Inc.
  • Sandlapper Securities, LLC
  • SCF Securities, Inc.
  • Sentinus Securities, LLC
  • Silber Bennett Financial, Inc.
  • Stephen A. Kohn & Associates, Ltd
  • Triad Advisors, LLC
  • Uhlmann Price Securities, LLC
  • United Planners’ Financial Services of America, LP
  • Vanderbilt Securities, LLC
  • Vestech Securities, Inc.
  • Western International Securities, Inc.
  • Westpark Capital, Inc.
  • Whitehall-Parker Securities, Inc.
  • Wilmington Capital Securities, LLC
  • Windsor Steet Capital, LP
  • Woodbury Financial Services, Inc.
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