Madison Avenue Investor Lawsuits Allege Unsuitable sales of GPB private placements
The White Law Group is continuing to investigate potential securities claims involving GPB Capital private placement investments.
According to an article in Investment News on June 22, 2021, financial advisor Jeffrey Dixson of Vancouver, Washington reportedly has numerous customer lawsuits filed against him and his firm, Madison Avenue Securities for allegations of improper sales of GPB Capital offerings.
In February 2021 the CEO of a GPB Capital Holdings, a New York-based registered investment adviser, and two others were arrested in connection with a massive “Ponzi-like scheme” that allegedly defrauded 17,000 investors across the U.S. out of more than $1.7 billion, according to the U.S. Attorney’s Office for the Eastern District of New York.
According to Dixson’s broker report, he was reportedly affiliated with Madison Avenue Securities from November 2007 until December 2019.
Dixson’s customers are reportedly alleging the investments were unsuitable, that there was a lack of due diligence, and over-concentration, among others. He currently has 21 complaints on his record, with nine pending nine that have been settled.
According to the BrokerCheck report, nine of the complaints reportedly mention GPB by name.
Potential Lawsuits to Recover Investment Losses
When brokers violate securities laws, such as making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
For more information on the White Law Group’s investigation of GPB Capital please see the following:
If you have suffered investment losses with Jeffrey Dixson and Madison Avenue Securities, you may have recovery options. Please call the securities fraud attorneys at The White Law Group at 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.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.