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Read MoreGPB Capital Complaints Against Ex-Kalos Advisor David Lademan
Former Okemos, Michigan financial advisor David Lademan (CRD# 2479077) has received investor complaints concerning investments in GPB Capital. Financial Industry Regulatory Authority records show that Mr. Lademan is not presently registered as a broker or an investment adviser, having previously been registered with LPL Financial, doing business as Credent Wealth Management.
Mr. Lademan’s BrokerCheck report discloses numerous investor complaints. The most recent, filed in 2022, alleges that as a representative of Kalos Capital, he breached his fiduciary duty, recommended unsuitable investments, and breached contract in relation to real estate securities and private investments. The pending complaint alleges damages of $500,000.
A second investor complaint, filed in 2021, alleges that Mr. Lademan made false and misleading statements, omitted material facts, breached his fiduciary duty, breached his duty of good faith and fair dealing, made material misrepresentations and omissions, engaged in negligence and/or gross negligence, and failed to supervise. The pending complaint alleges unspecified damages.
A third complaint, filed in 2020, alleged that Mr. Lademan recommended unsuitable investments and failed to perform due diligence on investments in GPB Capital Holdings. The complaint reached a settlement of $20,555.
A fourth complaint, filed in 2020, alleged a “failure to properly and thoroughly conduct due diligence” into an investment. The complaint reached a settlement of $46,285.
A fifth complaint, also filed in 2020, alleged inadequate due diligence, unsuitable recommendations, and over-concentration. In 2021 the complaint reached a settlement of $116,249.
According to the Financial Industry Regulatory Authority, David Lademan holds 23 years of securities industry experience. Most recently based in Okemos, Michigan, he is not presently registered as a broker or an investment advisor. His past registrations include LPL Financial (Okemos, Michigan; 2018-2019), Kalos Capital (Okemos, Michigan; 2012-2018), Madison Avenue Securities (Okemos, Michigan; 2006-2012), Questar Capital Corporation (Okemos, Michigan; 2005-2006), and Intersecurities (St. Petersburg, Florida; 1994-2004). His credentials include the passage of four securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He presently holds no state licenses. (Information current as of June 17, 2022.)
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