{"id":9939,"date":"2021-04-22T09:15:01","date_gmt":"2021-04-22T13:15:01","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9939"},"modified":"2021-04-22T09:15:01","modified_gmt":"2021-04-22T13:15:01","slug":"advisor-group-sagepoint-royal-alliance-triad-increase-legal-reserves-for-gpb-claims","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/advisor-group-sagepoint-royal-alliance-triad-increase-legal-reserves-for-gpb-claims\/","title":{"rendered":"Advisor Group (SagePoint, Royal Alliance, Triad) Increase Legal Reserves for GPB Claims"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9940 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-300x200.jpg\" alt=\"Broker-dealers under the Advisor Group (which includes SagePoint Financial, Royal Alliance Associates Inc., Triad, Woodbury Financial Services, and FSC Securities) have increased legal reserves by about $4.4 million compared to the prior year, according to SEC filings. According to an InvestmentNews article, Royal Alliance, SagePoint, and FSC increased their reserves by as much as three times the amount of the prior year. GPB Sales Cost Broker-Dealers The Advisor Group firms say they increased their reserves for \u201clegal and regulatory matters\u201d, but don\u2019t say exactly what those matters are. One issue that may be costing the firms is the sale of GPB Capital Holdings private placements, which recently was charged with running a Ponzi-like scheme and had three of its senior executives arrested.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-1536x1024.jpg 1536w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-2048x1365.jpg 2048w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Broker-dealers under the <a href=\"https:\/\/www.silverlaw.com\/advisor-group.html\" target=\"_blank\">Advisor Group<\/a> (which includes SagePoint Financial, Royal Alliance Associates Inc., Triad, Woodbury Financial Services, and FSC Securities) have increased legal reserves by about $4.4 million compared to the prior year, according to SEC filings. <a href=\"https:\/\/www.silverlaw.com\/blog\/advisor-group-sagepoint-royal-alliance-triad-increase-legal-reserves-for-gpb-claims\/#more-9939\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broker-dealers under the Advisor Group (which includes SagePoint Financial, Royal Alliance Associates Inc., Triad, Woodbury Financial Services, and FSC Securities) have increased legal reserves by about $4.4 million compared to the prior year, according to SEC filings. 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-9939","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>Advisor Group Increase Legal Reserves for GPB Claim<\/title>\n<meta name=\"description\" content=\"Broker-dealers under the Advisor Group have increased legal reserves by about $4.4 million compared to the prior year, according to SEC filings.\" \/>\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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