Nevada Sports Investment Group, LP – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Nevada Sports Investment Group, LP
On September 7, 2018, the Securities and Exchange Commission charged Nevada Sports Investment Group, LP (Nevada Sports) with violating the federal securities laws. According to the SEC, Nevada Sports was one of a number of organizations formed pursuant to a 2015 Nevada state law that, for the first time, allowed Nevada-based entities to collect and pool money from investors anywhere in the world for purposes of sports wagering. According to the SEC, entities like Nevada Sports promoted their investment opportunities as functioning like mutual funds.
According to the SEC’s complaint, filed in federal district court for the District of Nevada, in 2015 Nevada passed a law allowing entities to solicit and collect funds from individual investors anywhere in the world, aggregate those funds, place wagers on certain sporting events, and split the wagering profits among the investors. According to the SEC, from 2015 through 2017, Nevada Sports raised over $1 million from more than 30 investors. According to the SEC, Nevada Sports conducted a general solicitation by widely offering its investment opportunity on the internet and further failed to make a determination regarding whether all of its investors were accredited.
Investors in Nevada Sports Group, LP May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Nevada Sports Group, LP, 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 Nevada Sports Group, LP 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.