ARO Equity LLC – SEC Charges ARO Equity, LLC with Fraud

ARO Equity LLC – SEC Charges ARO Equity, LLC with Fraud | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the SEC Complaint:

The Securities and Exchange Commission charged MA-based private investment firm ARO Equity, LLC, and its principals, Thomas D. Renison and Timothy J. Allcott, with fraud. As alleged, the defendants made false statements to current and prospective retail investors about ARO Equity’s performance and used investor funds to pay interest to other investors.

According to the SEC’s complaint, in July 2014, Renison, a CT resident, was barred by the SEC from, among other things, associating with any investment adviser or broker dealer. Nevertheless, the complaint alleges that from at least July 2015 through June 2018, Renison violated this bar when he, along with Allcott, a MA-resident, formed ARO Equity and raised approximately $6 million from at least 15 investors. The SEC’s complaint alleges that Renison and Allcott falsely touted ARO Equity’s success to encourage potential investors to cash out of their retirement products and invest with them in ARO Equity. The complaint alleges that soon after the defendants launched the firm, ARO Equity’s investments began to fail. Rather than inform their investors of the losses, Renison and Allcott continued to falsely promote ARO Equity’s success and the security of investing with them. Among other false statements, Renison and Allcott allegedly told investors that ARO Equity had double-digit returns, that there was no downside to investing with the firm, and that the investors’ money was as safe as being in a bank. In reality, ARO Equity had experienced significant losses and had to use new investor funds to pay interest to older investors.

Investors in ARO Equity, LLC May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in ARO Equity LLC, 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 in ARO Equity, 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. 

Barry Horowitz, ARO Equity, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, ARO Equity, Barry Horowitz

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