Michael Packman, Former Axiom Capital Management Broker, Alleged to Have Sold Unsuitable Securities from GPB Capital

Did you lose money investing with Michael Packman or Axiom Capital Management? Contact Sonn Law Group today or call us at 866–827–3202 to set up a free consultation.

Michael Packman (CRD# 2518120) is a previously registered broker and investment advisor. From 2015 to 2018, Mr. Packman was a registered representative with Axiom Capital Management, Inc., based in Westbury, New York.

Mr. Packman is alleged to have recommended unsuitable investments in funds offered by GPB Capital Holdings.

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.

Under FINRA Rules, brokerage firms are responsible for the activity of their brokers and may be liable for misconduct, including making unsuitable recommendations. If you lost money investing with Michael Packman, you may be able to recover some or all of your investment through FINRA arbitration.

Mr. Packman’s BrokerCheck profile includes two disclosures. Both are tax liens from between January 2016 and March 2017. Prior to his registration with Axiom Capital, Mr. Packman was most recently at Financial West Group (2014–2015) and J.P. Turner & Company (2008–2014). He has been in the securities industry since 1994.

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.