Geneos Wealth Management, Inc. is a Colorado-based broker-dealer. According to publicly available records, the firm is facing a $1 million customer complaint over a former broker’s recommendations to a client to invest in three GPB Capital funds: GPB Holdings II, GPB Automotive Portfolio, and GPB Waste Management.
Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors. Public records filed with the SEC show that Geneos Wealth Management, Inc. likely received sales compensation for selling the GPB funds to retail investors.
If you lost money in GPB funds with Geneos Wealth Management, Inc., you may have a claim.