Who is Eric Weschke? | GPB Capital Lawsuit

Eric Weschke is a registered broker with Kalos Capital since 2011. According to FINRA’s Broker Check, he has been the subject of 16 disclosures, including one related to GPB.

 

Peiffer Wolf is currently investigating claims against Eric Weschke of Kalos Capital for his recommendation of GPB Capital Holdings funds and potentially other alternative investments.

 

If you are/were a client of Eric Weschke, Contact Us Today by calling 888-390-6491 or by filling out an online contact form for a FREE Consultation.

Daniel Cantarovici

Eric Weschke | Kalos Capital

 

According to FINRA’s BrokerCheck, Eric Weschke has been the subject of 16 disclosures.

 

  • September, 2019. Customer Dispute – Pending. Allegations: Client invested in GPB. Allegations of breach of fiduciary duty, breach of contract.
  • February, 2019. Customer Dispute – Pending. Allegations: Unsuitable recommendations, breach of fiduciary duty, failure to supervise.
  • February, 2019. Customer Dispute – Pending. Allegations: Unsuitable recommendations, breach of fiduciary duty, failure to supervise.
  • September, 2002. Customer Dispute – Settled for $30,000.00.
  • October, 2000. Regulatory – Final. Initiated by the Virginia Division of Securities. Sanctions: Registration bound by a special supervision order, which requires additional monitoring of Mr. Weschke’s activities for a period of 12 months.
  • June, 2000: Regulatory – Final. Initiated by the Ohio Division of Securities. Allegations: The applicant was not of good business repute. Sanctions: The Division issued a final order to deny application for Securities Salesperson License.
  • March, 2000: Customer Disputer – Closed/No Action. Allegations: Unsuitable recommendations.
  • March, 2000: Customer Dispute – Award/Judgment. Allegations: Unauthorized purchases.
  • December, 1998: Customer Dispute – Settled for $52,500.00. Allegations: Anti-fraud violations of various securities and unsuitable recommendations relating to use of margin.
  • December, 1998: Customer Dispute – Settled for $47,500.00. Allegations: Unsuitable recommendations and use of margin.
  • October, 1998: Customer Dispute – Settled for $25,000.00. Allegations: Speculative securities.
  • September, 1998: Customer Dispute – Settled for $7,500.00. Allegations: Unsuitable recommendations.
  • August, 1998: Customer Dispute – Settled for $33,998.00. Allegations: Unsuitable recommendations.
  • August, 1998: Customer Dispute – Settled for $20,000.00. Allegations: Unauthorized use of margin.

 

Prior to Kalos Capital, Eric Weschke was registered with Harrison Douglas, Alternative Wealth Strategies Equity Service, Self Trading Securities and Tasin & Company. Both Alternative Wealth Strategies and Tasin & Comoany have been expelled by FINRA.

 

If you invested with Eric Weschke of Kalos Capital, contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

 

To review Eric Weschke’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/2486324 

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Eric Weschke 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: GPB Automotive Portfolio LP, GPB Cold Storage LP, GPB Eurobond Finance PLC, GPB Holdings II LP, GPB Holdings III LP, GPB Holdings Qualified LP, GPB Holdings LP, GPB NYC Development LP, GPB Scientific LLC, GPB Waste Management LP, GPB Waste Management Fund LP, and many more.

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 Eric Weschke’s alleged broker misconduct and investment fraud. If you invested with Eric Weschke of Kalos Capital, you should  contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

 

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

 

Peiffer Wolf and Meyer Wilson are currently investigating Eric Weschke’s 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 Consultation888-390-6491.

Get a FREE case Evaluation.

    GPB Brokers in the news

    Brokercheck®️ report: Eric Weschke

    BROKERCHECK
    Information about this broker was obtained from FINRA’s BrokerCheck on January 10, 2020. You should always review the BrokerCheck report directly for the most updated information. If you believe that information on this page is incorrect, please contact us.

    GPB Lawsuit | FREE Consultation | 888-390-6491

     

    Peiffer Wolf and Meyer Wilson are currently investigating claims for anyone who has invested in any GPB Capital fund. If you or someone you know invested in any GPB Capital fund, Contact Us Today by calling 888-390-6491 or by filling out an online Contact Form for a FREE Consultation.

    If you invested in any GPB Capital Fund, Contact us Today for a FREE Case Evaluation.