brokerwatch

George Karas of National Securities Corporation and Worldwide Wealth Group

According to FINRA’s BrokerCheck, George Karas has been the subject of 1 disclosure (Customer Dispute; Settled).

Since 2019, multiple lawsuits have been filed and regulatory matters have been initiated alleging that GPB Capital Holdings has been engaged in wrongdoing. Most notably, former GPB Holdings operating partner, Patrick Dibre alleged that “losses occasioned by GPB were in fact caused by a very complicated and manipulative Ponzi scheme.”  The claim further alleges that “GPB paid its investors significant returns based upon falsified financial information.” If you invested in any GPB Funds, contact Peiffer Wolf immediately.

George Karas and the GPB Lawsuit

Multiple lawsuits have been filed and multiple regulatory matters have been initiated, alleging that GPB Capital Holdings has been engaged in wrongdoing.  A former GPB Holdings partner alleged that “GPB paid its investors significant returns based upon falsified financial information”. Our investigation into the various GPB private placement funds includes, but is not limited to:

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Based on our experience, we believe that there are more investors who have been the victims of George Karas’ alleged broker misconduct and unsuitable investment advice. If you invested with George Karas of Worldwide Wealth Group and National Securities Corporation, you should contact Peiffer Wolf immediately for a FREE Consultation.

Learn more about the GPB Investor Lawsuit here: https://gpblawyer.com/gpb-investor-lawsuit/

Peiffer Wolf is currently investigating George Karas’ practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140.