Business ProfileforFocal Point Capital Management, LLC
Additional business information
On October 20, 2020, The Commissioner of Financial Protection and Innovation (Commissioner) issued a desist and refrain order against Focal Point Capital LLC., Focal Point Financial Group and principal Alfred Chan.
The action taken stems from the offer and sales of securities as of March 2019, that were presented in the form of investment contracts which purported to be interests in a pooled investment vehicle GPB Investment, in California.
According to the Commissioner, investors were misled when told their funds would be invested in GPB Investment managed by GPB Capital Holdings, LLC. Focal Point Capital LLC and Alfred Chan sold securities in a manner which included an untrue statement of a material fact or omitted a material fact necessary in order not to make the statement misleading.
Focal Point Capital Management, LLC has been ordered to desist and refrain from employing a device, scheme, or artifice to defraud investment advisory clients, or engaging in an act, practice, or course of business which is fraudulent, deceptive, or manipulative.
At-a-glance
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Business Details
- Location of This Business
- 1633 Bayshore Hwy Ste 333, Burlingame, CA 94010-1515
- BBB File Opened:
- 10/20/2020
- Number of Employees:
- 1
Customer Complaints
0 Customer Complaints
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