Did you lose money with AlphaBridge Capital Management? If so, please call our securities law firm based in Chicago at 312-332-4200 to speak to an attorney. We may be able to help you recover your financial losses with AlphaBridge in the Financial Industry Regulatory Authority (FINRA) arbitration process. We sue companies such as these in order for investors to recover their money.
According to a complaint filed by the Securities and Exchange Commission (SEC) AlphaBridge and its owners and executives Thomas J. Kutzen and Michael J. Carino, over-inflated the values of the internal holdings in funds that deceived investors. The funds were invested in mortgage backed securities and U.S. Treasuries. AlphaBridge was paid a management fee of 2% of the total assets plus 20% of net profits. AlphaBridge was required to provide valuations for internal assets of the funds to be verified by an independent auditor. AlphaBridge then told investors that there were price quotes, when, in fact, there were not. This led to the valuations being over-inflated and the funds went down from $138 million to $48 million. Another claim was filed by the SEC against Lawrence Evans, one of the registered representatives who sold the funds.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.
