May 22, 2020 Comments Off on SEC Charges Florida Investment Adviser TCA Fund Management with Fraud Blog, Current Investigations, Securities Fraud

SEC Charges Florida Investment Adviser TCA Fund Management with Fraud

SEC Charges Florida Investment Adviser TCA Fund Management with Fraud, featured by top securities fraud attorneys, The White Law Group

Securities Fraud Investigation

The White Law Group is continuing its investigation into the liability that sales agents may have for unsuitably recommending TCA Global Credit Funds to investors.

According to a press announcement on May 12, the Securities and Exchange Commission filed fraud charges against Florida-based investment adviser TCA Fund Management Group Corp. and its affiliate, TCA Global Credit Fund GP, Ltd., for an alleged fraudulent scheme.

The SEC’s complaint alleged that TCA’s alleged scheme inflated asset values and performance returns of funds it managed. TCA reportedly recognized revenue in order to allegedly inflate net asset values and performance for several funds it managed, including TCA Global Credit Fund LP and TCA Global Credit Master Fund LP, allegedly resulting in the funds always reporting positive returns.

The company purportedly distributed promotional materials to current and prospective investors that included these alleged inflated asset values and false performance results.

Further, the SEC alleged that the reported net asset value of $516 million as of November 2019 was purportedly inflated by at least $130 million.  TCA and TCA-GP also allegedly distributed monthly account statements to investors falsely representing monthly returns and investment balances based on the inflated asset values.  The complaint further alleges that the funds paid inflated management fees to TCA and inflated performance fees to TCA-GP.

The SEC seeks permanent injunctions, disgorgement of allegedly ill-gotten gains and prejudgment interest, financial penalties, and the appointment of a receiver over TCA, TCA-GP, and the funds TCA managed.

Recovery of Investment Losses

The White Law Group is investigating potential securities fraud claims involving selling agents or financial advisors who may have improperly recommended the following TCA funds to retail investors:

TCA Global Credit Fund LP

TCA Global Credit Master Fund LP

TCA Global Credit Fund LTD

If you have suffered losses investing in TCA Global Credit Funds, the securities attorneys at The White Law Group may be able to help you. Please call the offices at (888)637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, please visit our website at www.whitesecuritieslaw.com.

 

 

 

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