Over the past calendar year, GPB Capital investors have won over $2.4 million in monetary awards in 10 out of 11 (nearly 91%) arbitration claims that have proceeded to a final hearing. According to public records, many other claims filed against broker-dealers who sold the private placements offered by GPB…
A FINRA customer complaint involving Dempsey Lord Smith broker Raymond Sun alleges elder financial abuse as defined by the Welfare and Institutions Code under California law. The claim seeks $1.2 million in damages, including $900,000 in punitive damages. The claim, which was filed on August 28, 2020, is related to…
In an arbitration award published by FINRA on April 21, 2021, Sandlapper Securities, LLC was ordered to pay damages to a Claimant over her losses in the GPB Automobile Portfolio fund. Sandlapper Securities, LLC and former firm broker James Dwight McPherson were held jointly and severally liable for violating the…