Brokerage Firms Under Investigation

KlaymanToskes’s investigation focuses on sales practice violations related to recommended speculative investments in GPB Capital, which paid more than 10% in selling commission to financial advisors and registered investment advisors whose clients invested $1.7 billion in these high-risk private placement securities through brokerage firms, including:

• TD Ameritrade, Inc.
• FSC Securities Corp.,
• Woodbury Financial Services Inc.
• Advisory Group Equity Services, Ltd.,
• Coastal Equities, Inc.
• Hightower Securities, LLC,
• Concorde Investment Services, LLC, ,
• Crown Capital Securities, L.P.,
• Capital Investment Group, Inc.
• Capital Financial Services, Inc.,
• Kalos Capital, Inc.,
• Madison Avenue Securities, LLC,
• Moloney Securities Co. Inc.,
• Money Concepts Capital Corp.,
• National Securities Corporation,
• Royal Alliance Associates, Inc.,
• Sagepoint Financial Advisors, Inc., and
• Woodbury Financial Services, Inc.

The sole purpose of this investigation on behalf of our clients is to determine facts related to recommended investments in GPB Capital Holdings.

If you were recommended by brokerage firms and/or registered investment advisors to invest  in private placement securities of GPB, and have information relating to sales practices and financial misconduct of financial advisors in connection with the sale of GPB, you are encouraged to contact the attorneys of KlaymanToskes.