Articles Tagged with James Marten Lamont

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Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would, in turn, sell the GPB funds to their retail investors. According to publicly available records filed with the SEC, broker-dealer Whitehall-Parker Securities, Inc. likely received sales compensation for selling the GPB funds to retail investors.

Former Whitehall-Parker Securities, Inc. broker James Marten Lamont may have recommended GPB Capital funds to clients. Lamont’s CRD shows one customer complaint related to investments in limited partnerships, believed to be the GPB funds. The customers alleged that Lamont’s investment strategy included “recommending large concentrations in illiquid, speculative, low-quality, high commission alternative investments which resulted in losses to them.” The matter settled in April 2020 for $390,000.

Lamont’s FINRA registration was revoked on March 13, 2020, for failure to pay fines and/or costs. If you lost money in GPB funds with Whitehall-Parker Securities, Inc., you may have a claim.

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