Articles Posted in News Releases

Investors in GPB Holdings and GPB Automotive May Have Compelling Claims to Recover Investment Losses
The Doss Firm

GPB Capital Holdings is being scrutinized by the SEC, FINRA and the FBI.  The focus of the inquiry is whether proper disclosures were made in connection with GPB Capital raising $1.8 billion from investors through private placement funds.  The funds ostensibly invest in auto dealerships and the waste management industry. However, there have been allegations that…

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New Class Action Targets National Fraudulent Healthcare Insurance Scheme
The Doss Firm

Lawsuit Filed on Behalf of Victims of the Simple Health Insurance Scam MIAMI June 12, 2019 — As health insurance fraud penetrates America’s healthcare industry to target vulnerable consumers, Miami-based law firm Levine Kellogg Lehman Schneider + Grossman (LKLSG) and Atlanta-based The Doss Firm filed a class action complaint against Health Insurance Innovations (HIIQ), Inc. and Health Plan Intermediaries Holdings, LLC (HPIH) for their role in…

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Attention Former Customers of Leavitt Freeman Sanders: You May Be Able to Recover Your Investment Losses
The Doss Firm

Our firm has already filed many individual lawsuits alleging, among other things, investment fraud against Leavitt Sanders and the firms that he traded through.  Those firms include Invest Financial, Triad Advisors, Capital Asset Advisory Services, Sanders Yearian Advisory Group and Leavitt Financial Group. We have developed direct evidence that supports the allegations that these firms…

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State Securities Regulators Propose Model Act to Protect Vulnerable Adults From Financial Exploitation
The Doss Firm

On September 29, 2015, the North American Securities Administrators Association (NASAA) released for public comment a proposed model to help broker-dealers, investment firms, and employees to better recognize if a senior or other vulnerable adult is being financially exploited. Judith Shaw, the NASAA President and Maine Securities Administrator, said, “Working together we can and will…

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Not Putting Customers’ Interests First Is a Central Failing of Wall Street
The Doss Firm

On January 6, 2015, the Financial Industry Regulatory Authority (FINRA) published its tenth annual Regulatory and Examinations Priorities Letter. In that letter, FINRA identified five areas, which it described as “recurring challenges,” that have harmed investors and resulted in compliance and supervisory breakdowns at member firms. At the top of FINRA’s list of problem areas is…

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Stifel Nicolaus and Century Securities Consent to Fines Over Improper Sales of Leveraged and Inverse ETFS
The Doss Firm

According to a recent news release, the Financial Industry Regulatory Authority (FINRA) has fined Stifel, Nicolaus & Company, Incorporated and an affiliate $550,000 ordered them to pay approximately $475,000 in restitution to 65 customers for making unsuitable recommendations of leveraged and inverse exchange-traded funds (ETFs). The affiliate is Century Securities Associates, Inc., which is owned by…

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FINRA Identifies Areas of Concern for Investors
The Doss Firm

Each year, the Financial Industry Regulatory Authority (FINRA) publishes a letter to the financial services industry identifying its regulatory and examination priorities. FINRA is the industry’s “self-regulatory organization,” which is charged with policing sales practice violations by its member broker-dealer firms, among other things. According to FINRA, its letter highlights important risks and problem areas in the…

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J.P. Morgan Chase Avoids Criminal Prosecution for Hosting Madoff Fraud
The Doss Firm

Banking giant J. P. Morgan Chase has reached a deal with federal prosecutors to avoid criminal prosecution for its role in the Bernard Madoff Ponzi scheme. According to the prosecutors, J. P. Morgan, which had custody of Madoff accounts, witnessed suspicious money transfers, too-good-to-be-true investment returns, unverifiable trading activity, and the use of a one-man…

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Co-Directors of SEC’S Enforcement Division Named
The Doss Firm

On April 22, 2013, George Canellos and Andrew Ceresney were named as SEC’s Division of Enforcement co-directors. Both have ties to SEC’s new chairman Mary Jo White. Canellos worked as an assistant attorney to Ms. White while she was the U.S. Attorney for the Southern District of New York in the 1990s to early 2000s. Then…

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FINRA Approves Proposed Rule Changes to Arbitration for Submission to SEC
The Doss Firm

On April 19, 2013, the FINRA Board of Governors approved several proposed rule changes that now will be submitted to the SEC for review and approval. Two that center on the FINRA arbitration process are detailed below: First, the Board authorized FINRA to file with the SEC proposed amendments to FINRA Rule 12403 which would simplify securities…

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