TDCI's Securities Division, along with other state securities regulators,

announce that a multi-million dollar agreement has been reached with GSB Gold Standard Corporation AG, a company based in Germany that operates in the fintech and banking industries, and GSB Gold Standard Bank LTD, more commonly known as “GS Partners.”

 

The settlement also names Josip Heit, the principal and Chairman of the Board of GS Partners, and other affiliated organizations that are often collectively known as the “GSB Group.”

GS Partners, its affiliated companies, and its representatives claim to have over 800,000 investors from more than 170 countries and to be close to completing $1 billion in transactions. Many of the products offered to investors were converted and often tied to a number of other tangible and intangible investments.

“Tennesseans who purchased any product or service from GSB Group should contact TDCI’s Division of Securities today so that we might help affected investors begin preparing for the claims process,” said TDCI Assistant Commissioner of Securities Elizabeth Bowling. “Consumers should contact us by phone at (615) 741-5900 or visit us online today for more information.”

Link: https://www.tn.gov/commerce/news/2024/10/23/tdci-division-of-securities-announces-tennessee-s-participation-in-multistate-settlement-with-gsb-gold-standard--gs-partners.html

#tnsecurities #consumerprotection #Tennessee #gsbpartners