GPB Capital Funds Lawsuit Seeks Class Action Status for Investors
A class action lawsuit filed against GPB Capitol Holdings and numerous brokerages accuses them of improper conduct in failing to warn investors of what was essentially a Ponzi scheme.
Tag Archives: Securities Fraud
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Former SEC Compliance Chief Arrested For Giving GPB Capital Investigation Information In Exchange For Job
A compliance officer at GPB Capital and former SEC investigator faces criminal charges for allegedly trading information on an ongoing probe in exchange for a job at the beleagured investment…
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GPB Capital Investment Loss Claims Filed Over Financial Fraud Described as “Ponzi” Scheme
A Capital Holdings group accused of financial fraud may have been running a Ponzi scheme which bilked nearly $2 billion from investors.
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GPB Capital Class Action Lawsuit Filed Over Failure To Provide Information About Status of Investments
A class action lawsuit says GPB Holdings has failed to provide investors with timely information about its finances as the firm faces a multistate and national fraud investigation.
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Equifax Data Breach Class Action Lawsuit Filed After Hackers Get Access to 140M Customers’ Info
Following a data breach where hackers stole information on more than 140 million Americans, the credit reporting company Equifax faces a growing number of lawsuits over the incident.
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UBS Hit with $18M FINRA Verdict Over Puerto Rico Municipal Bonds
UBS has been ordered to pay nearly $19 million to a couple who says the company's mismanagement of its Puerto Rico bond funds cost them millions in damages.
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UBS Puerto Rico Bond Fund Fraud Results in $33.5M Fine by FINRA, SEC
The SEC and FINRA have fined UBS $33.5 million over its handling of Puerto Rico bond funds.
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Investor Class Action Lawsuits Shrunk Last Year, As Did Settlements: Report
A low number of securities class action lawsuits were filed last year, and an even lower dollar amount was awarded to plaintiffs, according to a new report.
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F-Squared Admits Wrongdoing, Pays $35M To Address SEC Fraud Charges
The investment firm F-Squared faked a successful investment history using a broken hypothetical model, committing fraud against its clients, the SEC charges.
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Securities Fraud Class Action Lawsuits Standards Weighed By Supreme Ct.
The Supreme Court is weighing whether to place new restrictions or to ban some investor class action lawsuits.
