The FINRA complaint alleges that Money Concepts was encouraging its representatives to sell expensive and illiquid private placements like GPB Capital to customers
The Sonn Law Group is investigating allegations into brokerage firms who recommended GPB Capital Investments. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
Money Concepts Capital Corporation (Money Concepts, CRD#: 12963 ) is facing allegations that one of their registered representatives pushed clients into investing into the funds of GPB Capital Holdings.
According to the FINRA complaint, Money Concepts and its broker encouraged clients to buy GPB Capital with borrowed money, representing the investment as a safe alternative investment that paid a stable rate of return and which would “go public” in the near future, resulting in a large return and liquidity.
Money Concepts is also being investigated for encouraging its brokers to sell expensive and illiquid private placements like GPB Capital to customers when that type of investment was clearly unsuitable and misrepresented.
If you suffered losses because a broker or adviser suggested you invest in GPB Capital, you may be entitled to recover.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, 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.