Customer disputes against Canterbury allege unsuitable investments in GPB Capital.
If you’ve lost money investing with Kevin Canterbury or GPB Capital, you may have a claim. Contact Sonn Law today by filling out our form to submit a confidential message, or call us anytime at 866–827–3202 to schedule a free consultation.
Kevin Canterbury (CRD# 4939385) is a currently-registered broker and investment advisor. Since 2012, he has been a registered representative of Coastal Equities, Inc., based in Scottsdale, Arizona. Mr. Canterbury has been in the securities industry since 2005, where he started with Northwestern Mutual Investment Services.
According to Mr. Canterbury’s BrokerCheck report, a customer dispute was filed against him on October 15, 2018, alleging that he “made unsuitable recommendations of alternative investments purchased in 2013 and 2016.” This complaint may be related to the recent major downturn in securities offered by GPB Capital Holdings, which Mr. Canterbury sold.
GPB Capital is a New York-based investment firm that offers unregistered and high-risk private-placement securities. Earlier this year, it reported major losses in its two largest investment funds, which collectively held approximately $1.2 billion of investors’ money. GPB Capital funds were sold through more than 60 independent broker-dealers.
Both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are conducting investigations into GPB Capital.
Did You Buy Shares of GPB Capital Holdings Through Kevin Canterbury or Coastal Equities?
Under FINRA Rules, member firms are responsible for supervising the activity of their brokers and may be liable for misconduct. If you purchased shares of GPB Capital Holdings funds, you may have a claim to recover some losses through FINRA arbitration.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.