Chicago based Stoltmann Law Offices, P.C. has been representing GPB investors in FINRA Arbitration cases since January 2019. Our securities lawyers continue to file claims against brokerage firms involving solicitations to invest in GPB Automotive Fund, GPB Holdings Fund II, GPB Waste Management, and GPB Cold Storage. These claims are for violating FINRA rules and regulations in connection with offering speculative private placements to clients, fraud, and violations of state securities regulations.
On February 4, 2020, the Securities and Exchange Commission dropped the hammer on GPB, its funds, its owners. The complaint filed by the SEC alleges that GPB ran a massive securities fraud scheme for at least four years, defrauding investors of upwards of $1.7 billion. Over the last few years, Stoltmann Law Offices has spoken to hundreds of GPB investors and many of them were not ready to move forward with claims against the brokerage firms responsible for selling them GPB based mostly on the ongoing representation of both GPB and their financial advisors that “everything will be fine” and “GPB just needs to get the audits done and you’re investment will come back.” These dilatory and lulling tactics started with GPB and filtered through to financial advisors who were more concerned for their own best interests as opposed to what was in the best interest of investors.
INVESTORS NEED TO ACT NOW TO PRESERVE THEIR CLAIMS. Contact Stoltmann Law Offices at 312-332-4200 for a free, no obligation consultation with a securities attorney to determine whether you have a viable case against the brokerage firm that sold you GPB.
Court records reflect that upwards of 60 brokerage firms participated in selling this fraudulent investment to their clients. We have covered this extensively on this blog. The biggest concern right now is, there will be an avalanche of FINRA cases filed and many of the firms that sold GPB are going to collapse under the mounting liabilities. If you are an investor, you absolutely do not want to be at the end of this process, you want to get your claims filed as soon possible.
If you invested in any of the GPB Capital Funds, you may have claims to pursue in FINRA Arbitration. Please contact Stoltmann Law Offices at 312-332-4200 for a no-obligation, free consultation to determine whether you have a claim to pursue. Stoltmann Law Offices is a contingency fee law firm which means we do not get paid until you do!