Goodman & Nekvasil P.A. May Recover Investor Losses | Gemini Fund Services, LLC
Securities and Exchange Commission Orders Cease and Desist
According to the SEC, on January 22, 2018, the Commission instituted and simultaneously settled cease-and-desist proceedings (the “Order”) against Gemini Fund Services, LLC (“Gemini”), the fund administrator for a Massachusetts¬≠ based investment company called the GL Beyond Income Fund (the “GL Fund”). Gemini was responsible for calculating the GL Fund’s daily share price (also called a “net asset value” or “NAV”) and transmitting it to the investing public, via the NASDAQ securities exchange. In the Order, the Commission found from February 2013 to December 2014, the NAV that Gemini gave to NASDAQ was inflated because Gemini included in the NAV fake assets that were purportedly worth over $15 million but were actually worth nothing.
The Commission ordered, and Gemini has paid, a total of $561,406.00 in disgorgement, prejudgment interest, and a civil money penalty to the Commission. The Commission also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, as amended, so the penalty, along with the disgorgement and prejudgment interest, collected can be distributed to those harmed by Gemini’s conduct described in the Order (the “Fair Fund”)
Investors in Gemini Fund Services May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Gemini Fund Services, 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 Gemini Fund Services 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.