Investor Alert > Investment Adviser Michael Janis is the Subject of Unsuitable Investment Recommendations Allegations
Posted Jan 3, 2021
by Alan Rosca

Investment Adviser Michael Janis is the Subject of Unsuitable Investment Recommendations Allegations

Invested in GPB with Investment Adviser Michael JanisInvestment adviser Michael Janis is the subject of a customer dispute disclosure filed with FINRA on September 2, 2020 that alleges unsuitable recommendation of GPB Automotive, according to Janis’ FINRA Brokercheck page. The employing firm when the alleged unsuitable recommendation occurred was reportedly Madison Avenue Securities. The customer is seeking $100,000 for the alleged damages.

Investor rights attorney Alan Rosca and his colleagues at Rosca Scarlato LLC law firm are representing investors in GPB Capital funds in a class action filed in 2019. Attorney Rosca is currently investigating the allegations of unsuitable investment recommendations involving a GPB investment in connection to Michael T Janis in the aforementioned customer dispute disclosure.

Investors who are concerned about their investment with Michael Janis, or who might have questions about their GPB investment may contact attorney Alan Rosca for a free, no obligation consultation and discussion of recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

Concerned about investments with 

Broker

What Investors Should Know About GPB Capital Holdings

GPB Capital Holdings is a New York based firm that offers exempt, private placement securities. Allegedly, GPB is overdue in making financial information public according to the SEC.

GPB’s declared strategy was to invest in auto dealerships, waste management businesses, and technology enabled services. Allegedly, they have raised over $1.5 billion dollars in capital from thousands of investors through 10 offerings: GPB Automotive Portfolio, GPB Cold Storage, GPB Eurobond Finance, GPB Holdings, GPB Holdings II, GOB Holdings III, GPB Holdings Qualified, GPB NYC Development, and GPB Waste Management Fund, and GPB Scientific.

Many registered representatives and broker-dealers allegedly sold private placements for GPB Capital, allegedly receiving a total of $167 million in fees and commission from sales to investors, according to public documents.

Reportedly, GPB has been under investigation by multiple authorities since 2018 due to GPB investors noticing a significant drop in value of their investments.

According to our investigation, in September 2018, the SEC served GPB with a subpoena requesting information, and securities regulators in Massachusetts disclosed that they had commenced an investigation into the sales practices of some sixty-three broker-dealers who had reportedly offered private placement investments in various GPB funds.

In October 2018, GPB received a subpoena from the New Jersey Bureau of  Securities. By December 2018, the SEC and FINRA announced formal investigations into GPB.

And at the end of February 2019, the FBI, together with officials raided GPB’s Manhattan headquarters and reportedly seized information pursuant to a search warrant.

Investors who are concerned about their investment in the GPB Funds are encouraged to contact attorney Alan Rosca for a free case evaluation and discussion of recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage. GPB investors may also visit the GPB Capital Holdings Investor Center for more information about the GPB class action.

Concerned about investments with 

Broker

Michael Janis Has Been Registered with FINRA for 12 Years

Former broker and currently registered investment adviser Michael Janis joined the securities industry in 2007. He was previously employed with Madison Avenue Securities in Torrance, California from July 2007 until September 2019 according to his FINRA Brokercheck page.

Janis is an active investment adviser at Baker Tilly Financial located in Los Angeles, California. He has been employed with this firm since September 2019. According to the disclosures in the Brokercheck and the IAPD reports, Baker Tilly Financial is a wholly owned subsidiary of Baker Tilly US where Janis is a director.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

Securities Lawyers Are Investigating Michael Janis

Michael T Janis Losses Free Consultation AttorneyThe Rosca Scarlato LLC law firm represents investors who lose money as a result of broker misconduct and investment-related fraud. We are currently investigating conduct related to investment adviser Michael Janis’ customer dispute disclosure on the allegations of unsuitable investment recommendations.

The firm takes most cases like this on a contingency fee basis and advances the case costs, we only get paid for the fees and costs out of the money we recover for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of investors who fall victim to their unscrupulous broker’s misconduct and violations of sale practices.

Investors who are concerned they suffered a loss with investment adviser Michael Janis are encouraged to contact attorney Alan Rosca for a free, no-obligation case evaluation and discussion of their recovery option, or to provide any useful information by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

Contact us. All evaluations are free

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

Contact us at 888‑998‑0530 or through the contact form on this page.
No recovery, no fees.*

How to contact us?

We can also do a Zoom call to discuss your matter.