Evan Matthew Kochav of White Cedar Group LLC Fired by World Equity Group, Inc. - Goodman & Nekvasil P.A., May Recover Your Investment Losses

Goodman & Nekvasil P.A., May Recover Your Investment Losses - Evan Matthew Kochav of White Cedar Group LLC Fired by World Equity Group, Inc. 

Evan Kochav worked for Newbridge Securities Corporation from September 2009 until October 2012, and for World Equity Group, Inc. from October 2012 to June 2013. On June 6, 2013, World Equity Group, Inc. fired Evan Kochav for violating firm policies and engaging in prohibited transactions. The Financial Industry Regulatory Authority (FINRA) subsequently barred Evan Kochav from the securities and investment banking industry. FINRA found that Evan Kochav failed to respond to FINRA requests for information regarding Evan Kochav’s control of Evan Kochav’s customer’s brokerage account check book and Evan Kochav’s termination from Evan Kochav’s member firm.

The New Jersey Bureau of Securities also filed an administrative action against Evan Kochav and White Cedar Group, LLC alleging numerous violations of the New Jersey Uniform Securities Law. Evan Kochav and White Cedar Group, LLC subsequently consented to an Administrative Consent Order. This Administrative Consent Order included findings that Evan Kochav and White Cedar Group, LLC made material misrepresentations to investors in White Cedar Group, LLC. These misrepresentations included that White Cedar Group, LLC maintained an investment portfolio valued at approximately $13 million, that White Cedar Group, LLC had a lucrative partnership with an oil and gas company and owned an interest in one of its oil-producing wells that would continue to see profits and bring in revenues for years, that an investment in White Cedar Group, LLC would generate investment returns, including dividend payments, and that White Cedar Group, LLC executed securities transactions for clients that were purportedly cleared through Options House and/or Apex Clearing Corporation.

The Administrative Consent Order also included findings that Evan Kochav and White Cedar Group, LLC omitted to disclose material information to investors including that investor funds would be used for Evan Kochav’s personal expenses. Evan Kochav and White Cedar Group, LLC consented to findings that Evan Kochav and White Cedar Group, LLC misused investor funds to, among other things: a) pay for Evan Kochav’s personal expenses, including shopping, dining, air travel, hotels and casinos and other locations, and entertainment, including professional football tickets; b) transfer at least $33,375 to Evan Kochav’s wife; c) pay at least two online poker websites; d) fund cash withdrawals; e) pay other investors in a Ponzi-like scheme. Evan Kochav and White Cedar Group, LLC consented to findings that Evan Kochav and White Cedar Group, LLC created and distributed fabricated account documents.

The State of New Jersey revoked Evan Kochav’s securities license. In addition, Evan Kochav was fined $1 million.

If you lost any money on investments with Evan Kochav, including investments in White Cedar Group, LLC, you may be able to recover your losses from World Equity Group, Inc. and/or Newbridge Securities Corporation. This is because World Equity Group, Inc. and/or Newbridge Securities Corporation had a duty to supervise Evan Kochav.

Assuming you lost money on investments with Evan Kochav, including investments in White Cedar Group, LLC we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against World Equity Group, Inc. and/or Newbridge Securities Corporation. There is not 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.

Our firm has a unique, unparalleled track record. Kalju Nekvasil, Esq., has not lost a securities arbitration case in more than 13 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against World Equity Group, Inc. and/or Newbridge Securities Corporation.

If you lost money on investments with Evan Kochav, including investments in White Cedar Group LLC, 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.    

 

Keywords: Evan Matthew Kochav, Evan Kochav, Kochav, White Cedar Group,  World Equity Group, Newbridge Securities Corporation, Newbridge, Investment, Investor, Broker, Goodman and Nekvasil, Lawyer, Attorney, Nekvasil, Goodman 

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