On December 1, 2025, the IBTimes published a story covering the controversial commutation of David Gentile, the convicted leader of the massive purported Ponzi scheme spun out of GPB Capital. Gentile had defrauded thousands of investors—raising roughly $1.6 billion on false promises of reliable returns. He began serving a seven-year…
The recent decision by Donald Trump to commute the prison sentence of former investment executive David Gentile has reignited national debate over accountability in large-scale financial fraud and the long-term consequences faced by investors. Gentile, a cofounder and former chief executive of GPB Capital, had been sentenced to seven years…
Public confidence in the financial markets depends on a simple premise: when serious misconduct is proven, meaningful consequences follow. When that premise is weakened, investor trust is weakened with it. That is why the recent commutation of David Gentile has drawn national attention and prompted concern across the investor-protection community.…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lindsey Benson (Benson), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Benson recommended unsuitable investments in different investment products including debt securities among other…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jacob Baker (Baker), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Baker recommended unsuitable investments in different investment products including debt securities among other…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Fockler (Fockler), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Fockler recommended unsuitable investments in different investment products including debt securities among other allegations…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dana Timchenko (Timchenko), currently associated with Newedge Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Timchenko recommended unsuitable investments in different investment products including debt securities among other allegations…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Karis (Karis), previously associated with Fsc Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Karis recommended unsuitable investments in different investment products including debt securities among other allegations…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brent Glogau (Glogau), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Glogau recommended unsuitable investments in different investment products including debt securities among other allegations and…
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Brende (Brende), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brende recommended unsuitable investments in different investment products including debt securities among other…