An ETN investor is lender to the issuer of the note, which promises to repay the investor’s principal with interest that is supposedly gauged to the riskiness of the loan. But the issuer’s payment obligation is unsecured, and if the issuer defaults, as Lehman Brothers did, the investor can lose his or her entire investment.
Continue ReadingLet Us Help You Recover Your GPB Investment Losses! Eric Peter Weschke has been employed by Kalos Capital, Inc. and Weschke Wealth Management in Setauket, New York since 2011. During his illustrious securities industry career as a salesperson he has managed to be the subject of two regulatory complaints and fourteen customer complaints. Ohio denied him registration in the state because it “determined that Weschke was not of good business repute.” Nine of those arbitrations were settled in the investors’ favor, two were denied and three remain pending. We believe all of the pending complaints relate to Mr. Weschke’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Weschke during his employment with Kalos Capital, Inc.; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP
Continue ReadingWilliam Joseph Kielczewski was named a respondent in a FINRA complaint alleging that he falsely attested to his firm compliance questionnaires, participated in private securities transactions and caused his firm to file five misleading form U4’s all in violation of NASD Rule 3040, Article V, Section 2 of FINRA’s By-Laws and FINRA Rules 3280, 2010 and 1122. In January 2014, William Joseph Kielczewski joined Huntington Investment Company (Huntington) as a general securities representative until his involuntary termination on April 26, 2017. According to the FINRA findings, Kielczewski was involved in an outside business activity, a hedge fund called Mariemont, promoting it to potential investors and participated in multiple private transactions through which four Firm customers invested over $10 million. The findings also stated that Kielczewski allegedly caused his member firm to submit five false U4 forms stating he was a silent minority partner, had a passive position with the company and described himself as a passive investor in which he was not. William Joseph Kielczewski is no longer registered or associated with a FINRA member and remains subject to FINRA’s jurisdiction.
Continue ReadingLet Us Help You Recover Your GPB Investment Losses! Michael Sievert is currently employed by Arkadios Capital in Jacksonville, Florida. But during the period 2012 though 2018 he was registered with Triad Advisors, LLC in the same city. His securities industry career as a salesperson is not unblemished; he has been the subject of two customer complaints, both of which are still pending. We believe both of these complaints relate to Mr. Sievert’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Sievert during his employment with Triad Advisors; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP
Continue ReadingLet Us Help You Recover Your GPB Investment Losses! Dustin Shafer is currently employed by Newbridge Securities Corporation in Springfield, Illinois. During the period 2008 through 2019 he was registered with Money Concepts Capital Corp. in the same city. During Mr. Shafer’s securities industry career as a salesperson he has been the subject of seven customer complaints. His BrokerCheck Report also discloses six Judgement/Liens. We believe the two pending complaints relate to Mr. Shafer’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests while his was associated with Money Concepts Capital. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Shafer during his employment with Money Concepts Capital Corp. ; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP
Continue ReadingThe Law Offices of Robert Wayne Pearce, P.A. is currently investigating and representing investors against UBS Financial Services, Inc. and other FINRA-registered brokerage firms and financial advisors who offered and sold UBS ETRAC Exchange Traded Notes (ETNs). If you were unaware of the risks of these investments when you bought them, you certainly know now, unfortunately, because you have probably lost most if not all of the money you invested. The fact is your stockbroker or financial advisor had a duty to explain the nature, mechanics, and all of the risks associated with UBS ETRAC Exchange Traded Notes before you were sold the investment. Further, your stockbroker had a duty to make sure the investments were suitable before they were recommended in light of your risk tolerance, financial objectives, and financial condition. Unfortunately, many stockbrokers and financial advisors who didn’t understand the nature or risks involved sold these investments to investors with conservative and moderate risk tolerance who were simply seeking to enhance their income for retirement. These ETNs were unsuitable investments for investors with that kind of profile. The UBS ETRAC Exchange Traded Notes, particularly the ETNs with a 2X in the name were leveraged 2:1, were very high-risk, speculative investments.
Continue ReadingBrian Lawrence Stephan submitted an Offer of Settlement to the Financial Industry Regulatory Authority (FINRA) in which he was fined and suspended for allegedly recommending unsuitable investments and provided false information on his firm’s mutual fund exchange forms in violation of FINRA Rules 4511, 2111 and 2010, and NASD Ruled 2310. From November 2003 through August 27, 2014, Brian Lawrence Stephan was registered with LPL Financial LLC as a General Securities Representative. According to the FINRA findings, from May 2012 through May 2014, Stephan recommended and caused the execution of unsuitable investments in 20 different mutual fund families for an elderly customer. The findings stated the recommendations were unsuitable because the customer could have received a discount in sales charges by approximately $30,000 if she were to invest in larger amounts across fewer fund families. Based on the FINRA findings, Stephan lacked any reasonable basis, caused the customer to incur excessive sales and received $60,000 in commissions for the transactions. In addition to the findings, Stephan allegedly mismarked the transactions as unsolicited and provided false information on his firm’s mutual fund exchange forms.
Continue ReadingLet Us Help You Recover Your GPB Investment Losses! Daryl Serizawa is currently employed by Woodbury Financial Services in Irvine, California. During the period 2012 through 2017 he was registered with Independent Financial Group in the same city. During Mr. Serizawa’s securities industry career as a salesperson he has been the subject of three customer complaints. One of those arbitrations was settled, one was denied and the third involving Mr. Serizawa and Woodbury Financial Services is still pending. We believe the pending complaint relates to Mr. Serizawa’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Serizawa during his employment with Woodbury Financial Services and the Independent Financial Group; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP
Continue ReadingLet Us Help You Recover Your GPB Investment Losses Sean Joseph Kelly was formerly employed by Center Street Securities, Inc, and before that at Capital Financial Services, Inc. and other brokerages. During Mr. Kelly’s securities industry career as a salesperson he has been criminally convicted and imprisoned for securities fraud, permanently enjoined and barred by the SEC from the securities industry, and the subject of six customer complaints. We believe two of these complaints relate to Mr. Kelly’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Kelly during his employment with Center Street Securities and Capital Financial Services; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP
Continue ReadingLet Us Help You Recover Your GPB Investment Losses! Mark Lee Robare is currently employed by Triad Advisors LLC in Houston, Texas. During Mr. Robare’s securities industry career as a salesperson he has been the subject of one (1) customer complaint. We believe the complaint relates to a private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mark Lee Robare during his employment with Triad Advisors LLC; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP
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