Stoltmann Law Offices is investigating Aequitas Capital and its affiliates and is interested in speaking to investors who may have invested money in the company. The firm managed $1.67 billion in assets last year, up from $250 million in 2011. The firm raised money from investors and allegedly used it to invest in various alternative investments, including student loans and unpaid hospital bills. The company recently provided an update to investors that indicated that it was having liquidity challenges and had engaged in restructuring. In 2013, Western Property Holdings LLC sued Aequitas Capital Management Inc. over a claim of alleged breach of duty. In 2014, a federal judge ordered Aequitas to set aside $2.5 million ahead of a trial in a civil lawsuit relating to commissions on a portfolio of student loans. Also in 2014, Aequitas was forced to answer questions about its link to embattled Corinthian Colleges Inc. Aequitas also offered Reg D private placements, which tend to be highly risky, illiquid, high-commission investments. Brokerage firms who recommended these investments may be liable for investment losses because they unsuitably recommended them. Please call us today to find out your options.
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