GlobeNewswire Inc | Aug 17, 2021 08:15AM EDT

August 17, 2021

BOCA RATON, Fla., Aug. 17, 2021 (GLOBE NEWSWIRE) -- National investor fraud law firm, KlaymanToskes (KT), continues to investigate and pursue FINRA arbitration claims against TD Ameritrade on behalf of investors who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through theTD 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 AdvisorDirect advisory service.TD Ameritrade made clear that based on your personal needs, Our AdvisorDirect referral program gets you an introduction to an independent Registered Investment Advisor (RIA).

According to theSecurities and Exchange Commission, GPB principals and their affiliated entities were charged with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, 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 tosupervise the account activitiesfor the fees they receive directly from client accounts.

GPB Capital TD Ameritrade AdvisorDirectInvestigation

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 placements notesthrough the TD Ameritrade AdvisorDirectReferral Program. Investors who have information regarding the presentation and sale of these notes are encouraged to contact Lawrence L.Klayman, Esq., at (561) 542-5131.

About Klayman Toskes

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.

Destination: https://klaymantoskes.com/notice-gpb-capital-td-ameritrade-advisordirect-referral-program/

Contact

KlaymanToskesLawrence L. Klayman, Esq.(561) 542-5131lklayman@klaymantoskes.comwww.klaymantoskes.com