ABOUT OUR FIRM
Law Firm Dedicated To the Recovery of Investment Losses
Richard A. Nervig, P.C. is a securities litigation law firm dedicated to representing the elderly and retirees with disputes against the financial services industry. If you or a loved one has sustained investment losses in excess of $100,000 and you suspect that you were not provided with all the facts necessary for you to make an informed investment decision, that your investments are not appropriate for your needs or if you are simply suspicious about your investment losses, you owe it to yourself to contact an experienced securities litigation attorney to discuss your situation.
From our office in San Diego, California, Mr. Nervig regularly represents investors throughout Southern California, Arizona and Colorado in arbitration proceedings before the Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA) and in state and federal court.
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GPB limited partnership investors continue to remain in the dark as to the fair market value of their limited partnership investments and the company has refused to provide a specific date as to when the information will be forthcoming.
Although GPB Automotive Portfolio and GPB Holdings II have raised $622.1 million and $645.8 million respectively from over 6,000 investors each, investors in these funds still have yet to be given information disclosing the fair market value of their investments. Further, because GPB funds have over $10 million in assets and 750 or more shareholders, the companies are required to file certain disclosure reports with the SEC.
More alarming however, are the counter claim allegations made by Patrick Dibre in an answer he filed in response to a lawsuit filed by GPB arising from the sale of certain car dealerships to GPB. According to Dibre’s counter claims filed in New York Supreme Court for the County of Nassau, GPB was “… a very complicated and manipulative Ponzi scheme …” which was “… designed from inception to … defraud … investors by siphoning off the profits and profitability of the dealerships and using new investor funds to pay for the promised returns to the earlier investors.” See, [Doc.#51], p. 23 Verified Answer to Amended Verified Complaint and Counterclaims filed 3/19/2018 by Patrick Dibre (Index No. 606417/17).
GPB limited partnership interests are high risk and only suitable for sophisticated investors capable of losing their entire investment. If you invested in GPB based upon the advice of a broker or investment advisor and you believe such may have been inappropriate for your investment needs or sold to you in a misleading way, you may have the right to recover your investment losses.
The law firm of Richard A. Nervig, P.C. represents individual investors who have suffered financial losses due to fraud, Ponzi schemes, unsuitable investment recommendations and other abusive securities sales practices.
If you have investment losses in excess of $100,000 please call my office at (800) 837-0441 for a free consultation.
According to the Form D filed by GPB Automotive Portfolio, LP with the Securities and Exchange Commission on or about May 14, 2018 the following broker dealers were involved in sale of GPB securities: Axiom Capital Management, Inc, Ascendant Alternative Strategies, LLC, ACCELERATED CAPITAL GROUP, ADVISORY GROUP EQUITY SERVICES LTD., AEGIS CAPITAL CORP., AMERICAN CAPITAL PARTNERS, LLC, ARETE WEALTH MANAGEMENT, LLC, ARKADIOS CAPITAL, AUSDAL FINANCIAL PARTNERS, INC., AVERE FINANCIAL GROUP, LLC, BCG Securities, Inc., BENJAMIN & JEROLD BROKERAGE I, LLC, CABOT LODGE SECURITIES LLC, CALTON & ASSOCIATES, INC., CAPE SECURITIES INC., CAPITAL INVESTMENT GROUP, INC., CENTER STREET SECURITIES, INC., COASTAL EQUITIES, INC., CONCORDE INVESTMENT SERVICES, LLC, CONCORDE INVESTMENT SERVICES, LLC, CRYSTAL BAY SECURITIES INC., EMERSON EQUITY LLC, GENEOS WEALTH MANAGEMENT, INC., MCNALLY FINANCIAL SERVICES CORPORATION, KALOS CAPITAL, INC., IBN FINANCIAL SERVICES, INC., CROWN CAPITAL SECURITIES, L.P., MONEY CONCEPTS CAPITAL CORP., NATIONAL SECURITIES CORPORATION, ORCHARD SECURITIES, LLC., PARITER SECURITIES, LLC, SANDLAPPER SECURITIES, LLC, VESTECH SECURITIES, INC., STEPHEN A. KOHN & ASSOCIATES, LTD, WESTERN INTERNATIONAL SECURITIES, INC., INTERNATIONAL ASSETS ADVISORY, LLC, HIGHTOWER SECURITIES, LLC, INNOVATION PARTNERS LLC, KINGSBURY CAPITAL, INC., SENTINUS SECURITIES LLC, VANDERBILT SECURITIES, LLC, WESTPARK CAPITAL, INC. , COLORADO FINANCIAL SERVICE CORPORATION, DAVID A. NOYES & COMPANY, DAWSON JAMES SECURITIES, INC., DEMPSEY LORD SMITH, LLC., DFPG INVESTMENTS, INC., DINOSAUR FINANCIAL GROUP, L.L.C, FSC SECURITIES CORPORATION, GREAT POINT CAPITAL LLC, LANDOLT SECURITIES, INC., LEWIS FINANCIAL GROUP, L.C., LOWELL & COMPANY, INC., MADISON AVENUE SECURITIES, INC., MCDONALD PARTNERS LLC, MOLONEY SECURITIES CO., INC., MSC - BD, LLC, NATIONAL SECURITIES CORPORATION, NEWBRIDGE SECURITIES CORPORATION, PURSHE KAPLAN STERLING INVESTMENTS, ROYAL ALLIANCE ASSOCIATES, INC., SAGEPOINT FINANCIAL, INC . SCF SECURITIES, INC., SILBER BENNETT FINANCIAL, INC., TRIAD ADVISORS LLC, UHLMANN PRICE SECURITIES, LLC, WHITEHALL-PARKER SECURITIES, INC., WINDSOR STREET CAPITAL, LP, WOODBURY FINANCIAL SERVICES, INC
ETN’s like VIX are high risk are only suitable for sophisticated investors who are capable of losing their entire investment. If you invested in VIX based upon the advice of a broker or investment advisor and you believe such may have been inappropriate for your investment needs or sold to you in a misleading way you may have the right to recover your investment losses.
The law firm of Richard A. Nervig, P.C. represents individual investors who have suffered financial losses as a result of investment fraud or misconduct, Ponzi schemes, unsuitable investment recommendations, or abusive securities sales practices.
If you have investment losses in VIX or any other investment in excess of $100,000 please call my office at (800) 837-0441 for a free consultation.
(December 5, 2017, San Diego, CA) The securities fraud and elder financial abuse law firm of Richard A. Nervig, P.C. has launched an investigation on behalf of note, equity holders and private placement investors of the Woodbridge Group of Companies, L.L.C..
On December 4, 2017, the Woodbridge Group of Companies, L.L.C. (“Woodbridge”) and its affiliates filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. See, In re: Woodbridge Group of Companies, L.L.C., U.S. Bankruptcy Court District of Delaware, Case 17-12560-KJC. Woodbridge has been under formal investigation from the Securities and Exchange Commission (“SEC”) since September 2016 and which is looking at the company for potential violations relating to the offer and sale of unregistered securities, the sale of securities by unregistered brokers, and the commission of fraud in connection with the offer, purchase, and sale of securities. According to the SEC, Woodbridge has raised more than $1 billion from several thousand investors nationwide through multiple investment offerings using various forms and structures. See, SEC v. Woodbridge Group of Companies, LLC, U.S. District Court for the Southern District of Florida, Case 1:17-mc-22665-CMA
Although the SEC’s investigation and action against Woodbridge is warranted, the harsh reality is that most securities and investment scheme victims usually receive little if any meaningful recovery of funds from such actions and/or from subsequent bankruptcy proceedings filed by the issuer of the securities. Instead, most meaningful recoveries for investors typically come from the pursuit of third party liability claims against the banks, brokers, brokerage firms and other financial service providers who may have either aided and abetted or assisted the unlawful schemes and/or who negligently failed to detect and prevent such schemes in the face of suspicious circumstances.
If you are a Woodbridge note, equity holder or private placement investor and are interested in learning more about your legal rights and remedies, please contact Richard A. Nervig (firstname.lastname@example.org) at (800) 837-0441 or (760) 451-2300. If you email, please include your phone number. Also see our website at www.nerviglaw.com.
655 West Broadway, Suite 1400
San Diego, CA 92101