Marshad Capital Group Charged by the SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
Goodman & Nekvasil P.A. May Recover Investor Losses | Marshad Capital Group Charged by the SEC
Securities and Exchange Commission Charges Marshad Capital Group
The SEC's complaint, filed in federal court in Philadelphia, Pennsylvania, alleges that, from 2012 through 2015, Peter R. Kohli, of Pottstown, Pennsylvania, fraudulently raised more than $3.2 million from at least 120 investors. The complaint alleges that, among other things, Peter Kohli filed false mutual fund registration statements with the SEC, misappropriated investor funds, and made false and misleading statements when selling securities in a company controlled by Peter Kohli. According to the SEC, at the time of his misconduct, Peter Kohli was a registered representative and investment adviser representative associated with a dually-registered broker-dealer and investment adviser.
According to the SEC's complaint, in 2012, Peter Kohli launched DMS Funds, which ultimately consisted of four emerging market mutual fund series. According to the SEC, DMS Advisors, Inc. was DMS Funds' investment adviser, and a separate Peter Kohli-controlled company (Marshad Capital Group) owned DMS Advisors. According to the SEC, the complaint alleges that Kohli filed registration statements with the SEC that falsely overstated DMS Funds' sophistication and ignored the key risk that DMS Advisors and Peter Kohli would be unable to pay the funds' expenses, sold Marshad Capital Group warrants, falsely telling investors that Marshad Capital Group had taken steps toward an initial public offering, stole money meant to be invested in the mutual funds, and used it instead to pay fund expenses and, as the funds neared collapse, lied to investors and sold Marshad Capital Group promissory notes with no reasonable expectation that the purchasers could be repaid.
Marshad Capital Group Investors May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested with Marshad Capital Group, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with Marshad Capital Group and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.Back to Blogs