GLR Growth Fund, California RIA, Barred by the SEC After Falsely Claiming Fund was “SEC Approved”

securities attorneysCalifornia-based RIA, GLR Growth Fund, has been banned from the industry by the SEC this week after the firm was charged with allegedly misleading investors, and also falsely claiming that its fund was “SEC approved,” according to charges filed by the SEC currently under review by attorneys Alan Rosca and Joe Peiffer.

Said charges further allege that John A. Geringer, an advisor at GLR Advisors and GLR Capital Management, allegedly obtained over $60 million by allegedly inflating the performance and misrepresenting the strategy of a private investment fund he told investors was “SEC approved.”

From 2005 until 2011, according to SEC being analyzed by attorneys Alan Rosca and Joe Peiffer, the firm allegedly advertised its “SEC approved” GLR Growth Fund as having returns of 17%-25% during every year of its operation. The Peiffer Rosca Wolf investment recovery lawyers are currently investigating GLR Growth Fund, John A. Geringer, and his alleged $60 million Ponzi scheme.

SEC Claims GLR Allegedly Invested in Illiquid, Non-public Investments, and Lost Money

The SEC also claims that GLR’s marketing materials allegedly claimed the fund was “tied to well-known stock indices such as the S&P 500, Nasdaq and Dow Jones, as well as in oil, natural gas and technology-related companies.” However, since mid-2009, the SEC says, the fund allegedly did not invest in any publicly-traded securities.

Instead, according to SEC documents being analyzed by by attorneys Alan Rosca and Joe Peiffer, funds were placed in “illiquid investments” in two private startups and used to pay back other investors and fund the “entities Geringer controlled.”  What is more, the SEC charges that, “to the extent Geringer engaged in actual securities trading, far from generating high annual returns, he consistently lost money.”

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating GLR Growth Fund, John A. Geringer, and his alleged $60 million Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any Investors who believe they lost money as a result of alleged misinformation committed by GLR Growth Fund, John A. Geringer, and his alleged $60 million Ponzi scheme may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1168 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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 cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.