Securities Arbitration Lawyers BlogHow To Recover Your GPB Losses
With the Department of Justice’s recent indictment of GPB Capital Holding’s executives, David Gentile, Jeffry Schneider, and Jeffrey Lash, for securities fraud, wire fraud, and conspiracy, it’s abundantly clear that investment fraud is alive and well in the industry. Contact Silver Law Group to recover your GPB Losses.
In that case, it is estimated that broker-dealers sold GPB to over 2,000 investors, with losses of up to $1.8 billion. Although investors understand the risks associated with investing, they often aren’t aware of the many avenues available to them to recover their losses if they occurred due to negligence, misconduct, or fraud by financial advisors and stockbrokers. If this is you, here’s what you need to know to recoup your GPB investments.
FINRA Mediation Or Arbitration
One of the most common pathways to recoup an investment is through a FINRA mediation or arbitration. The Financial Industry Regulatory Authority (FINRA) is a government authorized non-profit designed to protect investors by overseeing and regulating U.S. broker-dealers. The government authorizes both the SEC and FINRA to take enforcement actions against broker-dealers who violate the law, including granting monetary awards to investors.
Our attorneys represent investors on a contingency fee basis to recover improper losses. Our investment fraud attorneys have filed several cases against multiple brokerage firms for negligent due diligence and other misconduct.
Lawsuits and Class Actions
Investors injured as a result of advisor negligence, misconduct, or fraud can also file a lawsuit or become part of a class action, if one has already been certified. The Securities Class Action Clearinghouse (SCAC) maintains a database of all securities class action lawsuits dating back to the Private Securities Litigation Reform Act of 1995. Investors can check this resource to see if a class action has been filed and determine whether they should join that case or pursue a lawsuit of their own.
Recover Your GPB Losses
Investors who want to recoup their investments—and ensure that GPB officials and affiliates face justice—should get in touch with Silver Law Group. We represent victims of Ponzi schemes and other defrauded investors in both federal court and the FINRA arbitration process. Our securities attorneys understand how perpetrators create their schemes and how investors can fight back against them. To talk with an experienced attorney about how you can recover your GPB losses, call us today at 1-800-975-4345 or email Scott Silver at ssilver@silverlaw.com.