Articles Tagged with Silber Bennett Financial

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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 Silber Bennett Financial, Inc. likely received sales compensation for selling the GPB funds to retail investors.

Silber Bennett Financial, Inc. is no longer registered with FINRA. The firm’s founder, Jamie Bennett, is currently serving a 2-year suspension from the securities industry through February 15, 2023. While registered with Silber Bennett Financial, Bennett served in a variety of capacities, including Director, Chief Executive Officer, and Chief Financial Officer. Bennett also acted as his firm’s Chief Compliance Officer and Anti-Money Laundering Compliance Officer from June 2017 to March 2019. Accordingly, he would have been tasked with performing due diligence on the GPB funds. If you lost money in GPB funds with Silber Bennett Financial, Inc., you may have a claim.

The SEC has charged GPB Capital, Ascendant Capital, and Ascendant Alternative Strategies with running a Ponzi-like scheme that raised roughly $1.8 billion from securities issued by GPB Capital. The SEC believes that as many as 17,000 retail investors nationwide have been defrauded.

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