{"id":9717,"date":"2021-02-08T10:10:27","date_gmt":"2021-02-08T15:10:27","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9717"},"modified":"2021-02-08T10:10:27","modified_gmt":"2021-02-08T15:10:27","slug":"gpb-selling-arete-wealth-management-ordered-to-pay-investor-515k-in-finra-arbitration","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/gpb-selling-arete-wealth-management-ordered-to-pay-investor-515k-in-finra-arbitration\/","title":{"rendered":"GPB-Selling Arete Wealth Management Ordered To Pay Investor $515k In FINRA Arbitration"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9718 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/GPB-Capital-Holdings.jpg\" alt=\"A FINRA arbitration panel has awarded customers of Arete Wealth Management $515,000 for investment losses in risky GPB Capital Holdings private placements. The award is notable because Arete was ordered to pay $259,000 in client legal fees, which is not typical in FINRA arbitration awards.  Arete Wealth Management, a broker-dealer based in Chicago with 35 offices, is known to sell high-risk alternative investments. Silver Law Group filed a FINRA arbitration claim against Arete on behalf of an elderly client who we alleged was sold unsuitable leveraged ETNs, ETFs, and non-traded REITS. Among the investments that caused our client significant losses were: American Finance Trust, Hospitality Investors Trust, and Benefit Partners Realty Trust.  GPB Capital Holdings  FINRA arbitration claims have been piling up against GPB Capital Holdings, a New York-based alternative asset management firm that raised $1.8 billion since its founding in 2013 by Scientologist David Gentile.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/GPB-Capital-Holdings.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/GPB-Capital-Holdings-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>A FINRA arbitration panel has awarded customers of Arete Wealth Management $515,000 for investment losses in risky GPB Capital Holdings private placements. The award is notable because Arete was ordered to pay $259,000 in client legal fees, which is not typical in FINRA arbitration awards. <a href=\"https:\/\/www.silverlaw.com\/blog\/gpb-selling-arete-wealth-management-ordered-to-pay-investor-515k-in-finra-arbitration\/#more-9717\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A FINRA arbitration panel has awarded customers of Arete Wealth Management $515,000 for investment losses in risky GPB Capital Holdings private placements. The award is notable because Arete was ordered to pay $259,000 in client legal fees, which is not typical in FINRA arbitration awards. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,593],"tags":[],"class_list":["post-9717","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GPB-Selling Arete Wealth Management Ordered To Pay Investor $515k<\/title>\n<meta name=\"description\" content=\"A FINRA arbitration panel has awarded customers of Arete Wealth Management $515,000 for investment losses in risky GPB Capital Holdings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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