Investigating Potential Claims Involving GPB Automotive Income Fund LTD
The White Law Group is investigating potential claims involving broker-dealers’ improper recommendation of GPB Automotive Income Fund LTD to certain investors.
GPB Automotive Income Fund LTD is a private equity fund operated by GPB Capital Holdings and has approximately $40.6 million in assets, according to Private Fund Data. The current minimum investment for GPB Automotive Income Fund appears to be $100,000.
According to a press announcement in April, GPB Capital Holdings, LLC (“GPB”), a New York-based global asset management firm, announced that it has surpassed the $1 billion mark in gross capital raised, following a record month raise of $60 million in February and a total raise of approximately $150 million year to date. GPB reportedly focuses primarily on investing in income-producing companies.
The White Law Group is investigating the liability that brokerage firms may have for recommending GPB offerings to clients. Specifically, we are investigating the following offerings:
GPB Cold Storage
GPB Automotive Fund
GPB Automotive Income
GPB Holdings LP
GPB Holdings II
GPB Holdings III
GPB Waste Management
GPB NY Development
Broker dealers are required to perform adequate due diligence on all investment recommendations they make. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of GPB Automotive Income LTD or another GPB offering, please contact The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.