Tricent Capital LLC – SEC Files Complaint | Goodman & Nekvasil P.A. May Recover Investor Losses
According to the SEC:
The Securities and Exchange Commission announced that Dallas, Texas resident Adam Matthew Root has agreed to settle charges arising from a fraudulent securities offering spanning nearly a year, but which ultimately raised no investor funds.
The SEC’s complaint alleges that Root, a “Founding Partner” of Tricent Capital, LLC and Tricent Capital I, LLC (collectively, “Tricent”), misled potential investors in soliciting them to invest in at least two of Tricent’s investment funds. According to the complaint, between at least February 2016 and January 2017, Root made material misstatements and omissions related to several issues, including the amount and nature of investments that had been “committed” by others to the funds, the number of startup companies that Tricent had invested in or deployed capital to, the nature of the returns obtained from the sale of a company, and the “patent pending” status of Tricent’s investment model. Ultimately Root was never successful in raising any money for Tricent’s investment funds.
The SEC’s complaint, which was filed in federal court in Texas, charges Root with violating antifraud provisions Section 17(a)(1) and 17(a)(3) of the Securities Act of 1933. Without admitting or denying the charges, Root agreed to permanent injunctive relief, a 10-year officer-and-director bar, a 10-year conduct-based injunction, and a $10,000 penalty. The settlement is subject to court approval.
Investors in Tricent Capital LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Tricent Capital 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 Tricent Capital 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.