Aequitas commercial finance acf is a receivership entity and is the entity which issued the private notes. Oliver, former secondincommand at aequitas, pleads guilty. Aequitas capital management has always played in the highrisk end of the financial sandbox. If your broker or financial advisor recommended these private note investments, call 8887606552 the u. Aequitas capital adds investment industry veteran brett. The complaint also alleges that aequitas capital management inc. Aequitas capital opportunities fund is based out of lake oswego. Aug 17, 2017 the cfpb and state attorneys general reached a proposed settlement with the receiver of aequitas capital management, based in lake oswego, wash. There is sufficient evidence of actual fraud and badges. Aequitas wealth managements genesis was part serendipity, part destiny.
With proven expertise in finance, management, and technology, and a focus on. Sec charges oregonbased investment group and executives. Aequitas capital launches new ria membership network. Aequitas investments limited overview free company. Oliver, former secondincommand at aequitas, pleads.
Aequitas management, aequitas holdings, acf, acm, and aim are referred to collectively as the entity defendants. Aequitas management llc and four affiliates allegedly defrauded more than 1,500 investors nationwide into believing they were making health care, education, and transportationrelated investments when their money was really being used in a lastditch effort to save the firm. Wade and mcmanis are no longer involved with the firm. Defunct aequitas misled investors, cooked books, ran ponzi.
Advisors in the crosshairs after aequitas capital collapse. Aequitas is a sebi registered portfolio management service pms. Aequitas capital is an alternative investment management company dedicated to innovation, discipline, and excellence. Equitas capital advisors has 148 years of combined investment.
Today, the trigger was a financial disclosure form filed by jimmy. Aequitas capital management announces the addition of william. Aequitas investors celebrate major victory as judge. Jesenik, mark mcmanis and dennis wade founded the firm in 1993. District court for the district of oregon against aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas capital management, inc. Nov 27, 2007 aequitas capital management, an alternative investment firm providing both debt and equity to companies throughout the united states, is pleased to. On march 10, 2016, the securities and exchange commission took action against aequitas.
The unbelievable series of missteps that sent aequitas. Cfpbs 1st abusive claim against a loan purchaser law360. Aequitass history is important context for understanding a big bet on student loans that appears to have soured, crippling the firm. The company has capabilities in a wide range of investment areas, including debt and equity growth capital. The cfpb alleges that aequitas enabled corinthian to make highcost private loans to. The consumer financial protection bureaus use of its abusiveness authority to attack aequitas capital managements willingness to acquire loans with high risks of default certainly makes one.
Apr 19, 2019 for 23 years, brian oliver was the classic secondincommand at aequitas management llc, the earnest, lowkey straight arrow to the companys colorful alphadog ceo bob jesenik. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. Collapse of aequitas capital management kessler topaz. Aequitas investments limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. An advisor approached by aequitas capital partners in 2014, stan lochrie of lake oswego, ore. Equitas capital advisors, llc was established to be a unique company which blends the resources of a large global corporation with the flexibility of a small firm. Aequitas management, aequitas holdings llc, aequitas commerical finance llc, aequitas capital management inc. Aequitas management, llc et al district of oregon, ord3. Some money from new investors was allegedly used to pay earlier investors. Aequitas advisors capital markets advisory services. Sec charges oregonbased investment group and executives with. It also removed the chief executive, bob jesenik, and his partner, brian oliver, from positions at the company. On march 10, 2016, the securities and exchange commission the sec filed a complaint in the u. The consumer financial protection bureau filed a complaint and proposed settlement against aequitas capital management, inc.
The purpose of equitas is to design, build, and deliver investment strategies to meet the goals of their investors. The acf notes were typically offered on one to four year terms with interest rates. Mar 04, 2016 aequitas capital management has always played in the highrisk end of the financial sandbox. On march 10, 2016, the sec initiated a securities fraud action against aequitas management, llc and related entities, as well as three aequitas executives. Aequitas investment management, llc financial services. Aequitas capital management, a rapidly growing portland, ore. Aequitas capital opportunities fund, lp top holdings. Aequitas capital is a diversified financial services company that focuses on transforming traditional financing through innovative alternative investments.
Founded in 1993, aequitas capital management is an alternative asset management company dedicated to innovation, discipline and excellence. Virtually unheard of today where breakaway advisors from large brokerage companies start their own firms with a significant client roster, aequitas wealth management was created only from good intentions and a vision of what we believe people really want from a trusted advisor. Mar 11, 2016 the sec says executives from aequitas capital management told more than 1,500 clients they were using their money for investment purposes. Jimmy crumpackers financial disclosure form is at odds. Proposed order 1 approving form and manner of notice regarding approval of proposed distribution plan and ponzi determination, 2 approving procedures, and deadlines, 3 setting a hearing, and for related relief filed by ronald f. Jan 08, 2014 about aequitas capital management, inc. Aequitas capital management, a provider of alternative investments including private equity, private credit and specialty finance, is seeking to widen its network of registered investment advisors through a partnership with circle squared alternative investments, a provider of outsourced cio services specializing in alternative assets. District court for the district of oregon against aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas. The sec alleges the executives instead used the money to. S oreide law group is conducting an investigation on behalf of their clients into aequitas management, llc the company and other aequitas related companies which occurred between january of 2014 through january of 2016. Securities and exchange commission moved decisively into the aequitas capital management scandal thursday, suing the lake oswego company and three top executives for allegedly running a.
Aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas capital management, inc. In response to the courts notice procedure and briefing schedule allowing interested parties to file objections, the. Contact aequitas investment management, llc or view aequitas investment management, llcs ratings, investment advice, financial planning and insurance services, and get detailed information on their fees, advisors, licenses and history. For more than two decades, aequitas capital management has functioned as an alternative investment management company serving individuals, advisors, and institutions all over the united states. Aequitas capital expands credit operations with acquisition. The stunning collapse of aequitas capital management will almost certainly cost them a.
At aequitas, a history of risky and profitable deals. Acm and the manager of the aequitas funds is aequitas investment management, llc aim. For 23 years, brian oliver was the classic secondincommand at aequitas management llc, the earnest, lowkey straight arrow to. Aequitas advisors is an innovative capital markets consultingadvisory services firm.
Mar 10, 2016 aequitas management llc and four affiliates allegedly defrauded more than 1,500 investors nationwide into believing they were making health care, education, and transportationrelated investments when their money was really being used in a lastditch effort to save the firm. Aequitas capital management announces the addition of. Established in 1993, aequitas capital is a professionally managed and socially conscious alternative investment firm providing private equity and. Welcome to the information website for the receivership for aequitas management, llc et al. Aequitas investments limited free company information from companies house including registered office address, filing history, accounts, annual. Aequitas capital management, an alternative investment firm providing both debt and equity to companies throughout the united states, is pleased to. By investing capital provided by qualified private investors, aequitas capital management is able to fulfill an array of strategies aimed at securing high fixedincome returns as well as capital appreciation. Ap chris bean has spent much of february breaking the bad news to his clients. Founded in 1993, aequitas capital management is an alternative asset management company dedicated to. The company began without any relationships, revenues, corporate affiliationsor baggage from the way its always been done.
Aequitas capital under investigation amidst stunning collapse 03042016 a look at aequitas history of litigation if you have questions, concerns, or information about aequitas investments, please contact our office at 800. Aequitas news chronology aequitas investor information. The securities and exchange commission dropped the hammer on aequitas capital management this week, formally accusing the lake oswego, ore. Aequitas is a research focused organization investing in high growth companies. The firm last filed a form d notice of exempt offering of securities on 20150501. Chris bean, an advisor with private advisory group, a redmond, wash. The cfpb and state attorneys general reached a proposed settlement with the receiver of aequitas capital management, based in lake oswego, wash. Private equity and credit investment firm aequitas capital management expanded its credit business with the acquisition of maple bay asset management for an undisclosed sum.
Aequitas capital launches alts academy markets media. Since its inception, aequitas has been one of the top performing pmss in the country, delivering absolute returns of 622% to clients 37. Thus the entity which is obligated on the private notes is part of the receivership entity and is covered by the receivership order. At the time it was known as jmw capital partners inc. However, in recent weeks, the company has begun collapsing and unraveling in connection with the sale of unregistered highpay debt instruments. Windswept capital acquired by aequitas capital management. The sec says executives from aequitas capital management told more than 1,500 clients they were using their money for investment purposes.
The company emphasizes investments made in the real economy, a market defined by assets that are associated with regular, everyday human behavior rather than volatile assets. The cfpb alleges that aequitas and corinthian colleges plotted together to make highcost private loans so it would appear the school met federal student aid requirements. Aequitas expands senior leadership team pr newswire. Aequitas news chronology aequitas investor information center. May 02, 2014 private equity and credit investment firm aequitas capital management expanded its credit business with the acquisition of maple bay asset management for an undisclosed sum. Aequitas capital partners checkbook came with strings attached for firms like concert. Cfpb takes action against aequitas capital management for. Parties, docket activity and news coverage of federal case american student financial group, inc. Aequitas capital limited is a financial services company that give youth, families, business people and companies across kenya a new and fun way to get loans. Portland hedge fund about to learn that ponzi schemes are. The unbelievable series of missteps that sent aequitas, its.
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