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GPB broker-dealer shuts down amid fraud charges Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI. March 1, 2021 2 MINS The broker-dealer that primed the pump for much of the $1.8 billion in sales of GPB Capital Holdings private placements is shutting down. That such an end would come to the broker-dealer, called Ascendant Alternative Strategies, is to be expected in the wake of the founders of GPB, David Gentile and Jeff Schneider, having been arrested and charged with fraud last month by the FBI. Gentile and Schneider also own the broker-dealer, Ascendant Alternative, which has offices in Austin, Texas and New York. ....