GPB broker-dealer shuts down amid fraud charges
Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI.
The broker-dealer that primed the pump for much of the $1.8 billion in sales of GPB Capital Holdings private placements is shutting down.
That such an end would come to the broker-dealer, called Ascendant Alternative Strategies, is to be expected in the wake of the founders of GPB, David Gentile
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