Securities Arbitration Lawyers Blog
GPB - Wall Street’s Highest Commission Product Just Became Retail Investors Biggest Nightmare
GPB Capital raised over 1.5 billion dollars primarily from mom and pop investors over the last four years. How was GPB they able to raise this money? By paying small and regional brokerage firms over nine (9) percent of the money raised back to the selling broker-dealers.
Last week, GPB announced that many of their funds are down 40% or more in value. In hopes of offering their clients some solace, GPB highlighted that it had already made distributions to investors of about 15% of the investors’ capital. However, many investors were shocked to learn that these distributions were not from earnings or profits but an actual return of the money they had previously invested. In other words, GPB wants to be applauded for returning to investors at least some of their money. Continue reading ›
We’ve all heard at least one story about an investor who put money into something that was supposed to be the “next best thing,” maybe even with a “guaranteed return.” Unfortunately, that “next big thing” turned out to be fraudulent. As we at 
For years, financial advisers have walked a fine line when receiving financial inheritances from their clients. Unfortunately, the line between an adviser’s professional obligations and their personal interests is very easily blurred—a reality that leads to complicated fraud and ethics violations.
Edward Earl Matthes (CRD#: 
Diamonds may still be a “girl’s best friend,” but for 300 or more investors in the US and Canada, they were allegedly used to defraud investors. This week, 
Has a broker or financial advisor asked to be a beneficiary in your will? Financial advisors should not be participating in a client’s estate.
Owners of 
Pyxus International, Inc. (PYX), a publicly-traded tobacco and vaporizer company, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.
Ascena Retail Group, Inc. (ASNA), a publicly-traded women’s clothing retailer that owns brands such as Ann Taylor, Dress Barn, and Lane Bryant, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.
Hecla Mining Company (HL), a publicly-traded silver and precious metals mining company, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.