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16 Aug 2023, 10:52 am by Kevin LaCroix
[vii] The SEC claimed that Jarkesy, along with his advisory firm Patriot28, LLC, made false representations to their investors, including falsely advising that a prominent accounting firm and investment bank served as the funds’ auditor and broker, respectively, and misrepresenting the funds’ investment strategies and overvaluing the funds’ holdings. [read post]
16 Aug 2023, 8:31 am by The White Law Group
Investors may need to hold their investments for a certain period before they can sell them in the secondary market. [read post]
15 Aug 2023, 4:50 am by Jay R. McDaniel, Esq.
The minority owner, who holds a smaller stake in the company, may feel powerless to address this unfair behavior due to the lack of legal protection for minority owners within an LLC. [read post]
6 Aug 2023, 2:14 pm by Stuart Kaplow
Department of Homeland Security added two People’s Republic of China based companies to the Uyghur Forced Labor Prevention Act entity list. [read post]
3 Aug 2023, 11:22 am by The White Law Group
 In February 2022, the CEO of GPB Capital Holdings, a New York-based registered investment adviser, and two others were arrested in connection with a massive “Ponzi-like scheme” that allegedly defrauded 17,000 investors across the U.S. out of more than $1.7 billion, according to the U.S. [read post]
2 Aug 2023, 10:30 am by ocgdev
The nature of an LLC can vary based on the number of individuals involved, resulting in either a single-member or multi-member configuration. [read post]