TD AMERITRADE GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Continues Investigation Of, Files Claim Against TD Ameritrade Seeking $500,000+ on Behalf of GPB Investor Through TD AMERITRADE ADVISORDIRECT® Referral Program
November 09 2021 - 9:30AM
Business Wire
National investor fraud law firm, KlaymanToskes ("KT"),
continues its investigation of and is filing a FINRA arbitration
claim against TD Ameritrade on behalf of an investor who sustained
losses in GPB Holdings, LP and other related non-registered private
placement securities resulting from recommendations from their
investment advisor through the TD Ameritrade AdvisorDirect®
Referral Program.
TD Ameritrade, which was recently acquired by Charles Schwab
(NYSE: SCHW), offers to help investors find a Registered Investment
Advisor through its AdvisorDirect® service. TD Ameritrade’s website
makes clear that based on your personal needs, “Our AdvisorDirect®
referral program gets you an introduction to an independent
[RIA]”.
The Securities and Exchange Commission alleges that GPB
principals and their affiliated entities are “running a Ponzi-like
scheme that raised over $1.7 billion from securities issued by …
GPB Capital.” According to securities attorney Lawrence L. Klayman,
“TD Ameritrade is responsible to conduct adequate due diligence
selecting investment advisors for their referral program and to
supervise the account activities for the fees they receive directly
from client accounts.”
GPB Capital sold and marketed non-registered private placement
notes through inadequate disclosure of illiquidity, high risks, and
commissions, which made the investments unsuitable for most
investors. Securities under investigation include:
- GPB Holdings, LP
- GPB Cold Storage, LP
- GPB Automotive Portfolio, LP
- GPB Waste Management, LP
The sole purpose of this release is to investigate on behalf of
our client who purchased GPB Capital private placement notes
through the TD Ameritrade AdvisorDirect® Referral Program.
Investors who have TD Ameritrade AdvisorDirect® accounts with
information relating to the manner in which their accounts were
handled are encouraged to contact Lawrence L. Klayman, Esq., at
(561) 542-5131.
Destination:
https://klaymantoskes.com/td-ameritrade-gpb-investigation/
About KlaymanToskes
KT is a leading national securities law firm which practices
exclusively in the field of securities arbitration on behalf of
retail and institutional investors throughout the world in large
and complex securities matters. KT has recovered more than $220
million for investors in FINRA arbitrations. KT has office
locations in California, Florida, New York, and Puerto Rico.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211109005660/en/
KlaymanToskes Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Sep 2023 to Sep 2024