BOCA RATON, Fla., Aug. 23, 2021 (GLOBE NEWSWIRE) – National investor fraud law firm KlaymanToskes (“KT”) continues to investigate and pursue FINRA arbitration claims on behalf of investors solicited to purchase millions of dollars of private placement securities from GPB Capital Holdings (“GPB”) in debt securities including a lawsuit (FINRA Case No. 20-00096) for over US $ 1,000,000 against Royal Alliance Associates, Inc. (“Royal Alliance”).
According to the lawsuit, the investor directed Royal Alliance to invest its hard-earned savings and inheritance appropriately, including protecting its capital and current income. Instead, Royal Alliance concentrated a significant portion of the investor’s assets in illiquid alternative investments and private placements, including securities of GPB.
Brokerage firms like Royal Alliance have had to conduct due diligence before recommending GPB to their clients and failure to do so can result in liability. More than 60 broker-dealers sold GPB funds, including Ascendant Alternative Strategies, LLC, Sagepoint Financial Inc., FSC Securities Corp. and Woodbury Financial Services Inc. GPB Capital securities examined include:
- GPB Holdings, LP
- GPB cold store, LP
- GPB automobile portfolio, LP
- GPB Waste Management, LP
The sole purpose of this press release is to investigate on behalf of our customers who have purchased GPB Notes. Investors who have information regarding the presentation and sale of these Notes are encouraged to contact Lawrence L. Klayman, Esq. At (561) 542-5131 and download our dedicated Investor Report.
About Klayman Toskes
KT is a leading national securities law firm that is exclusively active in the area of securities arbitration for private and institutional investors worldwide in large and complex securities matters. KT has recovered more than $ 220 million for investors in FINRA arbitration. KT has offices in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq.