GPB Capital Holdings Under Investigation for Securities Fraud

By Sean Sweeney on October 30, 2019

The Securities Lawyers from Halling and Cayo, S.C. are investigating claims against brokers that have recommended and sold GPB Capital funds. If you purchased any of the various GPB Funds (including GPB Holdings II and GPB Automotive Portfolio), you may have a claim to recover your losses.  

GPB Capital is a New York-based alternative asset management firm focusing on acquiring income-producing private companies.  The company has over 1.5 billion dollars in capital and more than 160 portfolio companies focused on automotive, retail, technology, debt strategies and waste management.

Both FINRA and the SEC have launched investigations into the company and into the sales practices related to the sale of these private placements to retail investors.

There are allegations that one or more of the GPB Capital Funds were operating like a Ponzi Scheme due to revelations regarding bad accounting and large payments given to investors despite the company losing approximately $42 million on a single deal.  GPB Capital has cut its distributions and missed various deadlines for reporting its financial information. At least one class action lawsuit has been filed, but investors with their own significant losses always have the option to opt out of a class and pursue their own claim.   

If you're an investor and your broker sold you GPB Capital Holdings, it may have been inappropriate.  GPB Capital were sold as what are known as "Reg D" private placement, which are often high risk products, usually illiquid (meaning they cannot be sold) that are generally only suitable for institutions and/or speculative investors seeking high yields.  By law, your broker has a responsibility to recommend only suitable investments to their clients as well as perform appropriate due diligence on the products it does sell. 

If you were sold GPB, you may have a claim to recover your funds from the broker dealer that sold you the investment. The Securities Lawyers practice group at Halling & Cayo, S.C. can help. We take cases all over the country, and we only get paid if we win. Contact us to set up a meeting to review your case.


Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.  He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.  Contact him at 414-877-8502 or via e-mail at SMS@hallingcayo.com to see if he can help recover funds. 

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At The Securities Lawyers, you get hands-on involvement from a partner level attorney. If I'm on your case, there will be associates and paralegals assisting, but I will be the one trying your case, negotiating settlements, and mediating your case. Sean M. Sweeney

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Milwaukee Office

320 E Buffalo St
Ste 611
Milwaukee, WI 53202

Open Today 8:00am - 5:00pm

Open Saturday and Sunday for calls and emails.

More Info Directions (414) 755-5020