November 3, 2020 Comments Off on Q3 1 LP Crypto Hedge Fund, Securities Fraud Investigation  Blog, Current Investigations, Securities Fraud

Q3 1 LP Crypto Hedge Fund, Securities Fraud Investigation 

Q3 1 LP Crypto Hedge Fund, Securities Fraud Investigation, featured by top securities fraud attorneys, the White Law Group

Recovery of Investment Losses involving Crypto Hedge Fund Q3 1 LP  

Have you suffered losses investing in a cryptocurrency hedge fund Q3 I LP? If so the securities attorneys at The White Law Group may be able to help you.   

Former Wells Fargo Broker, James Seijas, along with two other individuals, one of whom was a doctor, allegedly created the Q3 Trading Club to pool investor funds in order to trade cryptocurrency assets through the fund Q3 1 LP.   

The Physician’s Dads’ Group, a private Facebook group, was purportedly used by the doctor to recruit investors into the alleged multimillion-dollar hedge fund scheme, according to an article in the Foundation of Financial Journalism.  

The Q3 Trading Club encouraged investors, many of whom were doctors, to invest in the hedge fund, Q3 1 LP, which reportedly claimed monthly returns of 13 percent to 15 percent and annual returns of 180 percent or more for its first two years of operation, according to the article. The fund’s managers allegedly claimed that its investment strategy included avoiding margin loans and keeping 70 percent of assets in cash at all times.  

The alleged Ponzi type scheme ran from 2017 to 2019, and reportedly raised $33 million from approximately 100 individuals and entities, according to a class action lawsuit filed last April.   

The lawsuit alleges that less than $10 million went to trading cryptocurrencies, while $20 million of their clients’ funds were allegedly transferred to the defendants’ personal bank accounts and were spent on luxury items, according to the investor lawsuit.   

Wells Fargo Clearing Services is also reportedly named in the complaint.    

Recovery of Investment Losses  

The White Law Group is currently investigating potential securities fraud claims involving the crypto hedge fund Q3 1 LP.  

Broker dealers are required to perform adequate due diligence on all investment recommendations they make. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.  

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration 

Potential Lawsuits to Recover Financial Losses  

If you have suffered losses investing in a Q3 1 LP, you may be able to file a complaint against your brokerage firm. Please call the securities attorneys at The White Law Group for a free consultation at 1-888-637-5510.  

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 Seattle, Washington.  For more information on the firm and its representation of investors, visit https://www.whitesecuritieslaw.com 

  

 

 

 

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