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(614) 502-6165Meyer Wilson has been following and reporting on GPB Capital Holdings since it came under regulatory inquiry earlier this year for potential securities laws violations. The Massachusetts Secretary of the Commonwealth has announced an investigation into 63 brokerage firms that allegedly sold private placements from GPB Capital Holdings.
GPB Capital Holdings is an investment firm that raised $1.8 million from selling private placement securities that invested in automotive dealerships, the waste management industry, and middle market lending, including:
Private placements are non-public offerings used to raise capital. These investments are often sold to "accredited” investors. Private placements are generally illiquid, meaning they cannot be readily sold and are not traded on the open market.
They offer investors higher returns than publicly traded stocks and bonds, but limited company information and lack of regulatory oversight creates a greater risk for financial losses. They are not suitable for most retail investors, and brokerage firms are required by industry rules to do a careful due diligence analysis before selling them to its customers.
Investment loss attorneys at Meyer Wilson are available to discuss your rights and options for claims against brokerage firms that sold the high-risk, high-commission private placements now under regulatory investigation.
Our legal team has been named among the 2022 “Best Lawyers in America” by U.S. News, and has recovered more than $350 million for our clients. Call (800) 738-1960 to get started with a free consultation.
