Tag Archives: aequitas investors

K2 News Update With Robert Banks

“The human tragedy here is what you don’t see when you read the news.”


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What is going to happen to my Aequitas investment?

At this point, nobody can say with certainty what will happen to Aequitas

No one knows the answer to that question with certainty. Dividend payments have been suspended. Aequitas is reporting that it has hired a restructuring company to evaluate the situation. To me, that means that Aequitas is considering an orderly liquidation of the company and its assets. Given the recent mass layoffs, the suspension of dividends, the SEC investigation, and the way that the notes were reportedly marketed and sold, my best guess is that Aequitas will end up either in a bankruptcy or some court-supervised liquidation. Hopefully, that will result in a return of at least some of the principal back to investors, but that will depend upon a number of factors, including what assets are available after paying the costs of the liquidation, the number of creditors who may have to be paid before investors, and the number and amount of investor claims out there.

You are welcome to call our office to discuss your situation with Mr. Banks, a securities attorney with more than 33 years representing investors in arbitration and in court.

If you have questions, concerns, or information about Aequitas investments, please contact our office at 800.647.8130. Our home page gives an introduction to this informational site and you may review our extensive credentials and experience here.

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Recent Aequitas Article Quotes Securities Attorney Robert Banks

Portland Securities Attorney Robert Banks was quoted today in an Oregonian article that offers one of the first inside looks at the Aequitas situation.

“It is absolutely outrageous that a financial adviser would put important client retirement money into promissory notes issued by a company that was already on the ropes,” Banks said.

 Jeff Manning of The Oregonian, who has been following the Aequitas story closely for some time, reports that Chris Bean, a 41-year-old investment adviser with Private Advisory Group, had 330 clients invested in Aequitas, more than any other financial adviser in the country. Bean and his firm were part of a national network of investment advisers who raised money for Aequitas.

Manning’s article reports that an Aequitas affiliate bought a controlling interest in Bean’s firm in July of 2014 and investors were encouraged to continue putting money into funds even after Aequitas showed signs of financial trouble. Mr. Bean  insists that Aequitas executives misleadingly led him and his firm to believe that Aequitas presented a strong financial position.

Investor Defender attorneys Bob Banks and Darlene Pasieczny are representing clients who may have claims against Aequitas. The law generally provides that a licensed financial adviser cannot successfully solicit or sell an investment to a client by use of misrepresentations or omissions of material fact.  If that law is violated, investors are entitled to a return of their investment proceeds upon tender of their investment back to the sellers.  To see how that law might apply to the unique purchase circumstances of individual or institutional investors, you may call our office at 800.647.8130 or contact securities attorneys Bob Banks and Darlene Pasieczny by e-mail at info@investordefenders.com.

Investor Defenders is a practice group of Samules Yoelin Kantor LLPfocused on representing investors in situations where professional misconduct resulted in a financial loss. Lead securities attorney Bob Banks has earned a national reputation for his success fighting on behalf of investors in FINRA arbitration and in court for 33 years.  Consultations are complimentary and most cases are done on  contingency fee, meaning that our clients do not pay any attorney fees unless we recover losses.


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