Library - Law Offices of Robert Wayne Pearce

Did Former Kalos Capital Broker Daniel Ray Saur Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Daniel Ray Saur was recently registered as a stockbroker with Kalos Capital, Inc. and employed by D.R. Saur Financial, Inc. in Dallas, Texas. During Mr. Saur’s securities industry career as a salesperson he has been the subject of three customer complaints. The results of those arbitrations were: two settled and one withdrawn. We believe at least one of these complaints relate to Mr. Sauer’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help investors who made private placement investments in the following limited partnerships which may have been offered and sold by Daniel Ray Saur while associated 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

May 28, 2020

Did Former Kalos Capital Broker Christopher Shaw Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Christopher Shaw is currently employed by Pruco Securities in Belmont, North Carolina. However, during the period 2011 through 2019, he was employed with Kalos Capital, Inc. in the same city in North Carolina. During Mr. Shaw’s securities industry career as a salesperson, he has been the subject of three customer complaints. All three of those complaints arose in connection with his employment with Kalos Capital. We believe one or more of these complaints relate to Mr. Shaw’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. All of those matters still appear to be pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships that may have been offered and sold by Mr. Shaw during his employment with Kalos Capital; 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

May 27, 2020

Did Brian Frank of Ascendant Alternative Strategies Sell You Any GPB Fund or Any Other Private Placement Investment?

Let Us Help You Recover Your GPB Investment Losses! Brian Frank is currently employed by Ascendant Alternative Strategies, LLC since October 2017 in New York City, New York. During Mr. Frank’s securities industry career as a salesperson he has been the subject of three customer complaints. The results of those arbitrations were two settled in the investor’s favor and one remains pending. We believe the pending complaint relates to his private offer and sale of GPB Capital Holdings sponsored limited partnership interests and/or another private placement investment. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships which may have been offered and sold by Brian Frank during his employment with Ascendant Alternative Strategies; that is, help them to rescind their GPB investment and/or recover their GPB and/or any other private placement investment losses. The GPB Fund and other private placement investments we are inquiring about include the following: 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

May 26, 2020

Did Former Kalos Capital Broker Arni Jay Diamond Sell You Any GPB Funds?

Let Us Help You Recover Your GPB Investment Losses! Arni Jay Diamond is currently employed by Dempsey Lord Smith, LLC in Rome, Georgia. During the period July 2013 through September 2018 he was registered with Kalos Capital, Inc. and prior thereto from March 2008 through July 2013 he was registered with Berthel Fisher & Company Financial Services, Inc. During Mr. Diamond’s securities industry career as a salesperson he has been the subject of four (4) customer complaints and filed a Chapter 13 bankruptcy. We believe one of the complaints while he was employed by Kalos Capital, Inc. relates to 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 Arni Jay Diamond 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 According to reliable sources, GPB Capital Holdings’ other funds also reported declines in an estimated value of 25% to 73%.

May 22, 2020

Cabot Lodge Securities Banking Manager Craig Gould Suspended and Fined

Craig Gould of Jersey City, New Jersey submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly failing to properly supervise in connection with a firm public offering. Gould was the Investment Banking Manager (IBM) for Cabot Lodge Securities and was responsible for reviewing the firm’s offerings and ensuring its compliance with FINRA Rules. FINRA Rule 2310(b)(4)(B) prohibits excess gross proceeds on an offering. As the IBM for Cabot Lodge Securities, FINRA alleged Gould knowingly exceeded the ten percent limit in violation of NASD Rule 3010 and FINRA Rule 2010. Without admitting or denying the FINRA findings Gould agreed to the sanctions and was fined $20,000 and suspended from association with any FINRA member for ninety days.

May 20, 2020

Former LPL Financial Representative Sean Waggoner Suspended and Fined

Sean Waggoner of Houston, Texas submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority for failing to disclose outside securities transactions. Waggoner was formerly registered as an Investment Company and Variable Contracts Products Representative through LPL Financial. FINRA alleged that between 2010 and 2016, Waggoner made at least eight private securities transactions without prior written notice to his firm. FINRA and NASD Rules require prior written notice to the member firm if you are engaging in private securities transactions. FINRA alleged that Waggoner violated NASD Rule 3050 and FINRA Rule 2010. Without admitting or denying the FINRA findings Waggoner agreed to the sanctions and was suspended from association with any FINRA member for two months, fined $10,000, and ordered to take additional education concerning registered representative responsibilities.

May 15, 2020

First Standard Compliance Officer Michael Leahy Barred and Fined

Michael Leahy of Redbank, New Jersey submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly failing to supervise one of the firm’s registered representatives. Leahy was a Compliance Officer for First Standard and was responsible for supervising representatives to ensure there were no FINRA Conduct Rule violations. However, FINRA found that while Leahy was an acting compliance officer, he failed to supervise a representative that had continuous red flags with unauthorized trades and excess commissions. FINRA found Leahy, as a Compliance Officer, did not conduct any investigations of these red flags in violation of FINRA Rules 3110 and 2010. Without admitting or denying the FINRA findings, Leahy agreed to the sanctions and was barred from association with any FINRA member and fined $5,000.

May 14, 2020

Joseph Stone Capital Representative David Braeger Barred for Misconduct

David Braeger of Bayside, Wisconsin was issued a complaint from the Financial Industry Regulatory Authority (FINRA) that outlined several alleged misconducts. While registered with Joseph Stone Capital, FINRA alleged that Braeger converted customer funds that were intended to be invested. The FINRA findings stated that an elderly customer gave a $200,000 check to Braeger to be invested in a private placement, but instead transferred the money to a bank which he later deposited in his account. FINRA further alleged that Braeger used this money to buy a home and continued to lie to his customer about their investment. According to FINRA’s investigation, Braeger provided false or misleading testimony in connection to the case in violation of FINRA Rule 8210. Additionally, the FINRA investigation concluded that Braeger converted customer funds in violation of FINRA Rules 2150 and 2010. Without admitting or denying the FINRA findings, Braeger was barred from association with any FINRA member in any capacity.

May 1, 2020

Thrivent Investment Stockbroker Paul W. Petrillo Barred By Securities Industry

Paul William Petrillo of Volo, Illinois submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for alleged misconduct. While serving as a General Securities Representative for Thrivent Investment Management, FINRA alleged Paul Petrillo made at least 333 discretionary orders to buy or sell in customers’ accounts without his firm’s knowledge. This conduct is in violation of NASD Rule 3050 and FINRA Rule 2010. Furthermore, FINRA alleged that Petrillo participated in 14 private securities transactions in customer accounts without his firm’s knowledge in violation of FINRA Conduct Rule 3280. Finally, while FINRA was conducting its investigation, Paul Petrillo was questioned to identify the customers he had done the trades with but failed to do so by providing false responses. Without admitting or denying the FINRA findings, Paul Petrillo agreed to be barred from association with any FINRA member in any capacity.

Apr 29, 2020

Allstate Financial Stockbroker Jesse Gil Barred By FINRA for Conversion

Jesse Gil of Corpus Christi, Texas accepted an offer of settlement from the Financial Industry Regulatory Authority (FINRA) for his alleged misconduct while associated with Allstate Financial Services as a General Securities Representative (GSR). FINRA alleged that while Gil was associated with FINRA member Allstate Financial Services, he converted approximately $2,500 from a senior customer without their knowledge for his own personal gain. FINRA alleged that Jesse Gil used the converted funds on spa trips, sporting goods and even using it to pay his own credit cards. Additionally, FINRA’s investigators alleged Gil persuaded the customer to add him to their credit card as part of the bank’s policy and would even exchange financial advice for compensation. This was while Gil was associated with another firm and in direct violation of FINRA Conduct Rules. Furthermore, FINRA found that Jesse Gil gave false answers on compliance certifications in correlation with the investigation. Without admitting or denying the FINRA findings, Jesse Gil agreed to the sanctions and was barred from association with any FINRA member in any capacity.

Blog

Recent Posts