Category: Financial Advisors

GPB Capital Holdings, Fraud? | Vernon Litigation Group

Another day, another ‘alleged’ Ponzi Scheme Vernon Litigation Group’s securities attorneys continue their investigation into GPB Capital Holdings as the firm is now subject to an FBI probe in addition to investigations by the SEC, FINRA and the State of Massachusetts. GPB Capital Holdings is a New York based ‘alternative’ asset management firm that has raised $1.5 billion dollars in capital acquiring income-producing private companies. GPB Capital Holdings is no […]

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When Investments Go Wrong

In this installment of our ongoing weekly video series Chris Vernon speaks about, When Investments Go Wrong. When presented with a new and ‘trendy’ investment opportunity and are promised a high return, in addition to due diligence, keep into consideration on how you got to this investment opportunity in the first place. If it was recommended…were they paid for this recommendation? Find out more here:  

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Advice for Financial Advisors who are Transitioning away from their Broker Dealer

Nov 14, 2018 / Financial Advisors

As evidenced by recent events at Wells Fargo, many financial advisors become troubled by what they perceive to be the greedy practices of their own firms. Top Advisors often begin to see that the internal culture and incentives of their broker dealer are not aligned with the best interest of their clients. As a result, financial advisors often look for an alternative platform that will better serve their clients. If […]

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Improper Use of Unwarranted Disclosures in Regulatory Report of Financial Advisors to benefit Broker/Dealer

Mar 17, 2017 / Financial Advisors

In recent years, the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”) have revamped their efforts in making it easier for investors to access the advisors’ regulatory reports (through the CRD of the IARD systems). To further promote disclosure of wrongdoing by Financial Advisors, FINRA and the SEC have also taken action to encourage Broker/Dealers to disclose any financial advisor wrongdoing. We applaud the efforts of […]

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