The stock market may be recovering, but GPB Capital investors are filing lawsuits to recover losses. This comes after news of investigations by state agencies, a raid by the FBI and now massive declines in value.
GPB Capital was sold by over 60 broker-dealers to over 4000 individual investors. Many investors claim they were lured by “conservative income” promises, where in reality the investment was risky. GPB investments were “private placements” that require to meet the requirement of being accredited investors.
Matt Thibaut, Partner at Haselkorn & Thibaut. P.A., a national investment fraud law firm, said the following: have received many inquiries from investors across the country that have concerns about their GPB Capital Holdings investments.”
|AD - Recover your investment losses! Haselkorn & Thibaut, P.A. is a national law firm that specializes in fighting ONLY on behalf of investors. With a 95% success rate, let us help you recover your investment losses today. Call now 1 888-628-5590 or visit InvestmentFraudLawyers.com to schedule a free consultation and learn how our experience can help you recover your investment losses. No recovery, no fee.|
Thibaut continues, “We have over 40 years of experience in securities law and GPB appears to be a significant and wide-spread problem.” In recent months, they have initiated investigations into Hightower Securities, Royal Alliance, FCS Securities, Woodbury, Madison Avenue Securities, Dawson James Securities, and 60 other broker-dealers.
Investors need to know that there is a limited time for GPB investors to file claims to recover investment losses. Investors seeking to recover losses or consider options can get a free case and portfolio review by calling 1-888-628-5590.
China Trade Tensions
According to S&P Global Ratings, the latest chances of a U-China trade dispute seem to be dashing any chance of a near-term solution. A report published today, entitled “Global Trade At Crossroads: FS-China Fade Dealing expectations,” says the uncertainty with global business confidence and investors.
On August 23, 2019, the Office of the Trade Representative of the USA announced an additional tariff of 5 percent of all goods imported annually of about US $ 550 billion from China. This recent Chinas action plan corresponds to Chinas’s plan to charge additional tariffs of 5-10 percent to 5,078 items imported from the USA.
In addition, China announced that it is restoring the tariffs 25 percent and 5 percent on imported cars and parts from the efficiency of the United States on December 15, 2019.
In S&P Global Ratings’ opinions, investors have recently gained confidence in these events, and have gradually worsened the global business and economic world. These latest developments also raise the risk that the trade dispute may have in the range of services. In services, there is a trade surplus with China by the United States.
US Trade Deficit Decreases
The US trade deficit decreased during July, but trade flows slowed; a trade deficit decreased by $ 1.5 billion in July as the gain in exports was greater than a moderate decrease in imports. The release of this morning does not reflect the latest rise in the US-China trade war, according to the latest research report from Wells Fargo Economics.
The trade deficit decreased slightly to $ 54.0 billion in July, as imports fell by 0.1 percent and exports rose by 0.6 percent. However, with a weakening of global growth, exports of goods are slowing down the trend, not just China. The export orders component of the ISM manufacturing index indicates that exports will be slower in the coming months.
Imports were down to capital goods imports, which have been reduced by 4.5% over the past year, due to a lack of investment. The latest tariff increase of 15 percent on $ 111 billion of imports from China announced in August applied on Sunday.
This means that the new tranche in the trade war, which mainly affects consumer products, did not affect trade in July. There is no ban on the trade war and trade flows are being reduced. “Due to the declining global growth and a further increase in war warfare, we are not expecting a major relief for global trade,” the report said.