In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
The board of NexPoint Capital Inc., a publicly registered non-traded business development company (BDC) focusing on healthcare, approved the suspension of the company’s monthly distribution. The suspension is for both cash distributions and those offered through NexPoint’s distribution reinvestment plan.
According to news reports, NexPoint Capital said the decision was made “to provide additional financial flexibility…and to maintain a conservative distribution policy during recent volatile market conditions.”
The board also approved a net asset value per share of $5.69, effective June 3, 2020, for the company’s common stock. The previous NAV per share was $5.25, which was effective April 29, 2020. NexPoint Capital investors originally purchased this investment at or around $10.00 per share. This represents a substantial loss to the individual investors. These products may have been misrepresented by the brokers or financial advisors to their clients, particularly those who have a low risk or retirement portfolio, as safe, secure, income-based investments which will pay distributions. When in fact, they are high-commissioned investments which can be risky and could cause retirees to lose their irreplaceable retirement funds.
By suspending the monthly distributions to the shareholders, NexPoint Capital shocked their investors who originally purchased the shares for the distributions. The distributions were one of the top selling points for the investment recommended by brokers/dealers.
If your broker/dealer recommended that you invest in NexPoint Capital and they may have told you it was a secure, safe investment with a reliable distribution income stream and you’ve now suffered financial losses, contact Soreide Law Group and speak to an experienced securities lawyer at no cost to you regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationally before FINRA. We operate on a contingency fee basis—no fee to you if no recovery.
In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
Centaurus Financial appears as the firm on a pending customer arbitration against Brett Ewing (CRD 2904608). The customer filed it on September 14, 2026. According to BrokerCheck, the customer alleges that Ewing recommended unsuitable, illiquid investments from February 2016 through February 2019. Ewing denies the allegations, and no arbitrator has ruled.
FINRA found that Eric Kleiner (CRD 4135180) refused to provide documents and information it requested during an investigation. Without admitting or denying the findings, Kleiner consented to the sanction and to the entry of findings.
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