Articles Posted in Purshe Kaplan Sterling Investments

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 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:

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.

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