You Angel Finance – SEC Files Charges Against Donald Hunter | Goodman & Nekvasil P.A. May Recover Investor Losses
According to the SEC:
The Securities and Exchange Commission charged Donald H. Hunter, an unregistered investment adviser based in Ridgefield, Connecticut, with failing to disclose material conflicts of interest related to the sale of shares of You Angel Finance, LLC.
According to the SEC’s complaint, in 2012 the Financial Industry Regulatory Authority found that Hunter had committed fraud in connection with the sale of promissory notes to some of his broker-dealer clients, and permanently barred him from associating with any FINRA-registered firm. The complaint alleges that Hunter subsequently established You Angel Finance as a private fund with no FINRA registration. As alleged, from late 2016 through 2018, while acting as investment adviser to You Angel Finance, Hunter raised approximately $430,000 from investors, claiming that You Angel Finance was supplying seed capital to or purchasing shares from a private drug research company. The complaint alleges that Hunter had acquired the company’s shares personally or through companies he controlled, but as a result of the FINRA bar he was unable to sell them directly or indirectly to brokerage customers, as he had in the past. The complaint further alleges that Hunter failed adequately to disclose that the fund purchased the shares from Hunter or entities he controlled, or that he set the prices at which he sold those shares to the fund.
Investors in You Angel Finance May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in You Angel Finance, 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 You Angel Finance 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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