Claimant Awarded Damages in FINRA Arbitration for Losses Sustained Investing in GPB Capital

The claimant, a former client of Arete Wealth Management, was awarded over $500k in damages.

claimant-awarded-damages-in-finra-arbitrationHoward Barron, a former client of Arete Wealth Management, asserted that the broker-dealer recommended and sold risky, high-commission, illiquid private placements in GPB Automotive Portfolio LP. Mr. Barron also claimed that Arete committed negligence, breach of fiduciary duty, negligent supervision, breach of contract, and violation of the Michigan Securities Act. 

This is the first case involving sale of GPB investments brought to FINRA arbitration in which the broker-dealer was compelled to compensate the claimant. FINRA awarded Mr. Barron $515,000 in damages for losses sustained in connection with his investments. 

Many financial advisors and brokerage firms recommended GPB Capital investments to their customers. Broker-dealers that recommended and sold these investments include, but are not limited to:

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The Sonn Law Group is currently investigating allegations that brokers recommended investments in GPB Capital Holdings. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.