UPDATE! Michael Cohn of GPB Capital ARRESTED
GPB Capital’s Chief Compliance Officer, Michael Cohn, Arrested
Have you invested in GPB Capital Holdings? GPB’s chief compliance officer, Michael Cohn, was charged with obstruction of justice and unauthorized access of a government computer. Cohn, who previously worked with the Securities and Exchange Commission, was alleged to have attempted to access the SEC’s files related to its investigation of GPB.
GPB was recently the subject of regulatory investigations by the Securities and Exchange Commission (SEC), FINRA (the Financial Industry Regulatory Authority), and the Massachusetts Securities Division is also looking into GPB Capital. Massachusetts is also looking into 63 brokerage firms that sold GPB investments, such as Royal Alliance Associates, SagePoint Financial, FSC Securities Corp., and Woodbury Financial Services. GPB has recently reported severe losses for a few of its funds, including GPB Holdings II, GPB Automotive Portfolio, and several other funs.
Investors may be able to sue their financial advisor for any losses in the GPB Capital investments. Investors can sue if their advisor misrepresented the risks of GPB Capital to them, and if the investments in GPB Capital were not suitable for the investor.
Israels & Neuman is an investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. Our attorneys have represented over 1,000 investors throughout the country, including in FINRA arbitration.
If your financial advisor recommended that you invest in any of these GPB Capital investments, please CONTACT US for a free consultation.