Articles Posted in MSC – BD

Over the past calendar year, GPB Capital investors have won over $2.4 million in monetary awards in 10 out of 11 (nearly 91%) arbitration claims that have proceeded to a final hearing.  According to public records, many other claims filed against broker-dealers who sold the private placements offered by GPB Capital have been settled for monetary compensation.

The judgments and awards come after years of filing lawsuits and arbitration claims by GPB Capital investors.

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Iorio Altamirano LLP is currently investigating MSC – BD, LLC, and veteran stockbroker Robert Fehrman for recommending that clients invest in private placement securities issued by GPB Capital.  Mr. Fehrman and MSC – BD, LLC are currently the subject of a customer dispute related to his recommendation of GPB Automotive Portfolio, LP, one of the private placement funds issued by GPB Capital.

The GPB funds, which are private securities offerings exempt from registration with the Securities and Exchange Commission (SEC), are inherently risky investments.  These investments are suitable only for highly sophisticated investors who understand the risks and can afford a significant monetary loss.  Unfortunately, many brokerage firms and brokers sold the GPB Capital securities to retirees and unsophisticated investors because they paid a high up-front commission.

Bob Fehrman has been registered as a financial consultant with MSC – BD, LLC in Cumming, Georgia, since June 2013.  According to his LinkedIn profile, Mr. Fehrman is located in Florissant, Missouri.

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. According to publicly available records filed with the SEC, broker-dealer MSC – BD, LLC likely received sales compensation for selling the GPB funds to retail investors.

MSC – BD, LLC is facing at least one FINRA arbitration complaint from a customer seeking to recover investment losses in GPB funds. The MSC – BD, LLC broker involved in the arbitration is Robert Malone Fehrman.

If you lost money in GPB funds with MSC – BD, LLC, you may have a claim.

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