July 14, 2020

Jason Mosher Sell You Bad Investments?

risky investments, call soreide law group

Kalos Clients Might Have Been Sold Unsuitable, Misrepresented GPB Funds

Soreide Law Group is reviewing possible investor disputes in regard to financial advisor Jason James Mosher (CRD#: 3070810, Canandaigua, New York). Namely, FINRA BrokerCheck indicates that securities brokers at Kalos Capital possibly sold unsuitable investments including GPB Funds. In fact, investor disputes involving one or more Kalos Capital securities brokers allege breach of fiduciary duty and unsuitable recommendations as it pertains to sales of GPB Funds. Jason Mosher could possibly be one of the individuals who sold unsuitable investments through his employment at Kalos Capital. Kalos Management and Sheppard Mosher and Associates. Here's more.

Jason Mosher Possibly Recommended Or Sold GPB Funds To Clients

Publicly available sources indicate that clients could have been advised by Kalos Capital brokers including Jason Mosher to invest in alternative investments including GPB Capital Holdings Funds. These non-traded private placement alternative investments could have provided large fees and commissions to those individuals who sold them. However, they could have been unsuitable and misrepresented to clients.
Particularly, GPB Capital Holdings – an alternative asset management firm in New York with $1.8 billion largely through the sale of private placements, struggled financially in 2019. Specifically, GPB Holdings II declined by approximately 13% in value. Also, GPB Automotive Portfolio dropped 25% and its smaller funds declined in value of up to 73%.

GPB Investigated By Regulators, Sued By Investors

Apparently, GPB faces FBI, SEC and state investigations concerning, among other things, the veracity of its disclosures to investors about fund performance and capital distributions. Apparently, GPB’s offices received visits from New York Business Integrity Commission and FBI in 2019. Also, Michael Cohn (GPB’s Chief Compliance Officer) has been charged with obstruction of justice relating to his involvement with GPB. Apparently, GPB suspended redemptions.
Moreover, GPB Capital, Ascendant Capital and affiliates purportedly swindled nearly two thousand investors according to a class action lawsuit dated June 30, 2020 in the United States District Court for the Western District of Texas. Supposedly, GPB Capital and Ascendant Capital executed a Ponzi scheme which victimized retirees.

Jason Mosher’s Responsibility To Conduct Due Diligence On GPB Capital Funds Before Making Recommendations

Financial advisors such as Jason Mosher are responsible for ensuring that their investment recommendations are suitable for investors. Not only that, but the financial advisors must conduct due diligence on investments before making recommendations. It is possible that Mosher gave bad advice to a number of investors about GPB Capital Holdings notes.

Investors Bring Disputes About Other Kalos Brokers Who Possibly Sold Unsuitable GPB Funds

Critically, BrokerCheck and other publicly available sources show that brokers including Steve Netzel and Eric Weschke sold GPB Funds. For example, investors indicated that Weschke breached a fiduciary duty and gave bad advice. The broker possibly failed to consider their risk tolerances and investment objectives. Those claims are ongoing.

Suffer Losses By Investing Through Jason Mosher?

Lars Soreide AVVO 2020 Top Lawyer

Have you experienced losses because of Jason Mosher? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to the misconduct of financial advisors and securities brokers.

Recent Posts

March 28, 2024
Al Lovelace In Investor Disputes Over Annuity Misrepresentation

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Al Stephen Lovelace [CRD: 2393766, Rutherfordton, North Carolina], given the disclosures on FINRA BrokerCheck. Evidently, Lovelace has worked for Equitable Advisors LLC since December 27, 2016, and worked previously at AXA Advisors LLC from October 2, 2008, to […]

March 28, 2024
KAREN CHUNG of WESTERN INTERNATIONAL

Soreide Law Group is conducting an investigation into WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, financial advisor, KAREN TRAN CHUNG (KAREN CHUNG). According to FINRA’s  BrokerCheck, KAREN CHUNG, has been in the securities industry for 20 years and has been listed with 4 firms.  She is currently listed with, WESTERN INTERNATIONAL SECURITIES, INC., 70 S. […]

March 26, 2024
Stifel Fined $400K by FINRA

According to a recent article in Wealth Management, Stifel will pay over $400,000 to settle FINRA disciplinary charges that the firm allegedly did not properly supervise one of their registered representatives who misappropriated over $100,000 from an elderly client. Stifel agreed to the penalties without admitting or denying FINRA’s findings. In addition to a $400,000 penalty, Stifel […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram