Aequitas Capital Management—Inability to Pay Back Private Note Investments
Aequitas Capital Management Allegedly Told Clients that it Will Not be Able to Pay Back “Private Note” Investments
Aequitas Capital Management allegedly told clients recently that it will not be able to pay back their “private note” investments for an indefinite period of time because it is currently having financial problems, according to a Feb. 2 letter recently obtained by The Oregonian/OregonLive and currently under review by attorneys Joe Peiffer and Jason Kane.
Purported “liquidity challenges” are currently hampering Aequitas, as allegedly admitted in said Feb. 2 letter obtained by The Oregonian/OregonLive.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating the sales of Aequitas notes by investment professionals to their customers. They are particularly investigating whether such investment professionals adequately investigated Aequitas and the securities it was offering, before recommending that their customers invest in the Aequitas notes.
Aequitas Capital Management Allegedly Under Investigation from the SEC; Consumer Financial Protection Bureau Also Investigating Aequitas for Its Alleged Handling of Half-a-billion-dollars of Student Loans of Its Affiliated Companies Bought from For-profit Corinthian Colleges
Aequitas has allegedly been the subject of an investigation by the SEC for months regarding potential securities law violations, and the Consumer Financial Protection Bureau is also investigating Aequitas for its handling of half-a-billion-dollars worth of student loans from one of its affiliated companies bought from for-profit Corinthian Colleges, according to a Feb. 2 letter recently obtained by The Oregonian/OregonLive and presently being reviewed by attorneys Joe Peiffer and Jason Kane..
Thus far, Aequitas has between $300 million and $325 million in private note investments outstanding, the company had recently confirmed.
Finally, some investors and brokers appear to be losing their patience as, for example, Fariba Ronnasi, chief executive of Elite Wealth Management, in Bellevue, Wash., allegedly confirmed she has requested that Aequitas cash out all of the investors she placed in the private note program.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged failure to pay back private note investments and are currently investigating Aequitas Capital Management’s alleged failure. 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.
Investors who believe they lost money as a result of Aequitas Capital Management’s alleged failure to pay back private note investments may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.