Purshe Kaplan Sterling Investments

GPB Investors Have Won Monetary Awards in 10 of 11 Arbitration Cases This Past Year

Published on: November 18, 2021 | by Iorio Altamirano

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.

For our latest posts related to GPB Capital, please click here.

Purshe Kaplan Sterling Broker Lee Taylor BARRED by FINRA – Skippack, PA

Published on: September 30, 2021 | by Iorio Altamirano

FINRA has barred Purshe Kaplan Sterling Investments (PKS) broker Lee Taylor from the securities industry. Mr. Taylor consented to the sanctions and to the entry of findings that he refused to produce documents and information requested by FINRA in connection with its investigation into his potential undisclosed private securities transactions with PKS customers, including participating in trading for them for compensation in brokerage accounts outside of the firm.

If you have suffered investment losses with Lee Taylor, or Purshe Kaplan Sterling Investments, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms.

Iorio Altamirano LLP Investigates Cabot Lodge Securities LLC Over GPB Funds

Published on: May 5, 2021 | by Iorio Altamirano

Cabot Lodge Securities LLC is a midsize independent broker-dealer headquartered in New York, NY. According to publicly available records filed with the SEC, the firm likely received sales compensation for selling the GPB funds to retail investors.

Cabot Lodge Securities LLC is under common control with Purshe Kaplan through holding company PKS Holdings, LLC. Read more about our firm’s investigation into Purshe Kaplan.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. GPB Capital sold unregistered, high commission limited partnership interests in eight alternative-asset investment funds. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

Iorio Altamirano LLP Investigates Purshe Kaplan Sterling Investments Over GPB Funds

Published on: April 12, 2021 | by Iorio Altamirano

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 Purshe Kaplan Sterling Investments likely received sales compensation for selling the GPB funds to retail investors.

Former Purshe Kaplan Sterling Investments Compliance Officer Toni Caiazzo Neff is said to have warned the firm about GPB Capital. According to a report on InvestmentNews, the firm’s management went around Caiazzo Neff and decided to sell GPB Capital against her recommendation. Caiazzo Neff reported the situation to FINRA and was subsequently fired by the firm.

Purshe Kaplan Sterling Investments has faced FINRA arbitration complaints from customers seeking to recover investment losses. The following Purshe Kaplan Sterling Investments brokers may have recommended GPB Capital funds to clients:

Former Purshe Kaplan Sterling Broker Tonya Nicole Smoake Suspended by FINRA – New York, NY

Published on: March 21, 2021 | by Iorio Altamirano

FINRA has suspended former Purshe Kaplan Sterling broker Tonya Nicole Smoake from the securities industry for 12 months for participating in private securities transactions without her firm’s knowledge or approval.

Smoake was also fined $5,000. She is no longer associated with a FINRA member but remains subject to FINRA’s jurisdiction.

If you have lost money with Tonya Nicole Smoake, or Purshe Kaplan Sterling, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.