Articles Tagged with John James Hoidas

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 Uhlmann Price Securities, LLC likely received sales compensation for selling the GPB funds to retail investors.

Former Uhlmann Price Securities, LLC broker John James Hoidas may have recommended GPB Capital funds to clients. If you lost money in GPB funds with Uhlmann Price Securities, LLC, you may have a claim.

The SEC has charged GPB Capital, Ascendant Capital, and Ascendant Alternative Strategies with running a Ponzi-like scheme that raised roughly $1.8 billion from securities issued by GPB Capital. The SEC believes that as many as 17,000 retail investors nationwide have been defrauded.

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