Verus Capital Partners LLC Charged by SEC | Recover Investment Losses

Verus Capital Partners LLC Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the SEC:  

The Securities and Exchange Commission today announced charges against Verus Capital Partners, LLC (Verus), an Arizona-based investment adviser, for failing to disclose revenue its investment adviser representatives (IARs) received from a third-party broker-dealer and its affiliates and the resulting conflicts of interest. This matter reflects a continued focus by the SEC’s Division of Examinations and the Division of Enforcement on undisclosed compensation arrangements between investment advisers and broker-dealers.

According to the Order, Verus failed to disclose that its IARs had received more than $1 million in revenue in the form of forgivable loans between 2010 and 2020 from a broker-dealer and its affiliates. The loans were forgivable over a period of five years or less, and the forgiveness was tied either to: (i) the satisfaction of annual revenue targets, which included both brokerage commission and advisory fees; or (ii) the maintenance of the relationship between the Verus IAR and the broker-dealer for a certain number of years. The SEC’s investigation found that Verus did not disclose the conflicts of interest created by the forgivable loans to its clients.

Investors in Verus Capital Partners LLC May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested with Verus Capital Partners LLC, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 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 Verus Capital Partners 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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