DS VI, LLC, DS VII, LLC, DS X, LLC and DS XII, LLC Fined by State of Indiana | Goodman & Nekvasil P.A. May Recover Investor Losses
State of Indiana Fines DS VI, LLC, DS VII, LLC, DS X, LLC and DS XII, LLC
According to the State of Indiana Securities Division:
The Office of the Indiana Secretary State, Securities Division and Respondents DS VI, LLC, DS VII, LLC, DS X, LLC, and DS XII, LLC filed an executed Consent Agreement to be reviewed by the Securities Commissioner.
The Respondents are Delaware limited liability companies engaged in ownership, operation, and management of residential real estate properties in several locations across the country, including Indiana. Between April 2017, and present date, Respondents have solicited and issued and issued private placements of securities in the four (4) entities to ten (10) investors who are Indiana residents. Direct Source Wealth, Inc., a Puerto Rico corporation, manages and operates each of the Respondents and its officers help solicit investors on their behalf.
The securities that the Respondents issued to Indiana residents are not registered with the Division or with the United States Securities and Exchange Commission (SEC) in reliance on the Regulation D Rule 506 exemption for certain private placements.
DS VI and DS VII have each failed to provide a Form D notice to the Division despite issuing securities to Indiana investors. DS X and DS XII filed a Form D notice with the Division more than fifteen days (15) after each entity’s first sale in Indiana.
Investors in DS VI, LLC, DS VII, LLC, DS X, LLC and/or DS XII, LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in DS VI, LLC, DS VII, LLC, DS X, LLC and/or DS XII, 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 DS VI, LLC, DS VII, LLC, DS X, LLC and/or DS XII, 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.
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