Concerned about your investment in GPB Automotive Portfolio with Ascendant Alternative Strategies LLC?
If you are concerned about investment losses in GPB Automotive Portfolio with Ascendant Alternative Strategies, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to a Reg D filed in 2017 with the SEC, Ascendant Alternative Strategies is listed as a sales compensation recipient for the GPB Automotive Portfolio LP offering.
The White Law Group continues its investigation regarding potential securities fraud claims involving GPB Capital Holdings.
Bad news continues to pile up for investors of GPB Capital Holdings private placement investments.
The company has yet to file financials with the Securities & Exchange Commission. Last year, when it missed a deadline with the regulator for two of its largest funds, GPB Holdings II and GPB Automotive Portfolio, the company reportedly said that it was focusing on straightening out its accounting and financials.
The two offerings have sold close to $1.3 billion since they were launched in 2013.
The FBI reportedly showed up at the GPB offices in March with a warrant to collect documents, after securities regulators began investigating GPB in December 2018.
Investors are left wondering what is going on with their investments, and some are taking action.
According to reports this week, the first class action lawsuit was filed in federal court in New York on behalf of certain GPB Capital investors.
The lawsuit alleges accounting irregularities and other improprieties in GPB’s operations. GPB investors are reportedly requesting accurate financial statements for their GPB investments.
Investigating Potential Lawsuits
If you suffered losses investing in GPB Automotive Portfolio LP with Ascendant Alternative Strategies LLC and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.
These claims are distinct from the class action filed directly against GPB and could be pursued concurrently.
The Financial Industry Regulatory Authority (FINRA) operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute. The White Law Group represents investors in FINRA arbitration claims throughout the country.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
Please visit www.whitesecuritieslaw.com to learn more about the firm’s representation of investors.