There is yet another legal dispute looming over GPB Capital Holdings, which raised $1.5 billion from investors through the sale of high-commissioned, high-risk private placements, writes Bruce Kelly in a recent InvestmentNews article.  This dispute is over the control of the Volkswagen's auto dealerships that GPB purchased. Volkswagen of America Inc. filed an amended complaint […]

Clients Indicate Kalos Capital Broker Eric Weschke Sold Bad BDCs and GPB Funds Soreide Law Group is looking into potential investor disputes against securities broker Eric Weschke [CRD#: 2486324, Setauket, New York]. Supposedly, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that at least 14 clients took issue with the securities broker, who joined Kalos Capital […]

Soreide Law Group was recently contacted by a former client of MICHAEL PACKMAN (CRD#: 2518120), who purchased multiple GPB Captial investments while Packman was with AXIOM CAPITAL MANAGEMENT, INC. of Westbury, NY. We are investigating possible claims against MICHAEL PACKMAN and the sale of GPB.  Packman is no longer registered as a broker or financial […]

Soreide Law Group is investigating GPB Capital Holdings LLC (GPB) and/or several of the independent broker/dealers who sold GPB private placements. GPB Capital Holdings, LLC (GPB) is a New York-based alternative asset management firm focusing on acquiring income-producing private companies from various industries including automotive, waste management, and middle market lending. In December of 2018, […]