GVC Capital, a FINRA registered broker dealer based in Greenwood Village, CO was fined $17,000 and censured by securities regulator FINRA for the firm’s role in a private offering of securities. The fine and censure was announced in April, 2016 and relates to an 2013 securities offering. The acceptance, waiver and consent letter is found here.
GVC Capital had been the subject of two FINRA regulatory investigations alleging the firm failed to maintain an adequate supervisory system pertaining to the issuance of research reports; and that the firm, acting in the capacity of placement agent for a private offering of securities, failed to refund money pursuant to an under-subscribed offering. The two investigations were consolidated, and the AWC signed by the firm resolved both matters.
GVC Capital’s registration and disciplinary history
In order to lawfully sell investments to the public, a firm must either be registered or exempt from registration.
GVC Capital is registered with FINRA, the SEC, and in 42 states and territories. According to FINRA’s CRD disclosure report, GVC Capital has been the subject of four regulatory investigations.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues. Typical claims that we are asked to review involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.