Levin Law Investigating Brokerage Firms and Other Financial Institutions That Recommend TCA Global Credit Fund to Customers

February 3, 2020 Author: Brian Levin
TCA Global

If you invested in a TCA Global Credit Fund (“TCA Global,” “TCA Credit,” “TCA Management,” or “TCA Fund”) through a brokerage firm, registered investment advisor, or bank, contact Levin Law, P.A. immediately.  

Levin Law, P.A. (“Levin Law”) is investigating brokerage firms and other financial institutions that recommended and sold TCA Global to their customers following multiple whistleblower complaints filed with the Securities & Exchange Commission (“SEC”) alleging that TCA Global has been inflating its fund’s assets and earnings since 2017 and an SEC probe into TCA’s accounting practices.  Two of the articles discussing the allegations can be found at the following links: 

https://news.bloomberglaw.com/securities-law/tca-credit-hedge-fund-shuts-amid-sec-probe-investors-seek-exit

https://www.reuters.com/article/hedgefunds-tca-sec/sec-probes-florida-private-lender-over-accounting-questions-idUSL1N29S114 

According to Reuters, TCA sent a letter to TCA investors in late January stating the Fund would be liquidated.  

According to public filings on the Securities and Exchange Commission (“SEC”) website, securities brokerage firms across the country sold or who disclosed that they might be selling TCA-issued funds. Brokerage firms have a duty to their customers to make sure that securities, including private placements and hedge funds, are recommended only to investors for whom they are suitable. In addition, securities broker-dealers have an obligation to conduct due diligence on private placement securities prior to the offering, recommending, or selling them to customers. If your brokerage firm or other financial institution recommended and sold any TCA Global fund to you, it is possible that your brokerage firm violated certain duties owed to you. If that is the case, you may be able to sue your brokerage firm in a FINRA arbitration and recover damages.

According to the public filings on the SEC website, the following brokerage firms were listed as firms who were authorized to sell TCA Global funds to their customers:

  • Royal Alliance Associates, Inc. 
  • Watts Capital Partners LLC
  • International Assets Advisory, LLC
  • Corporate Development Capital LLC
  • Legend Securities
  • Great Point Capital LLC
  • Young America Capital, LLC
  • Viewtrade Securities, Inc.

If you or someone you know invested in any TCA Global fund, contact Levin Law for a free case evaluation. Levin Law accepts most cases on a contingency-fee-basis.

If you invested in any TCA Global Fund through a brokerage firm, contact Levin Law at contact@levinlawpa.com or 305-402-9050 for a free case evaluation.  Levin Law has recovered millions on behalf of investors throughout the world who invested in hedge funds, private equity funds, and other private securities.  

 

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