Tag Archives: securities fraud

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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Aequitas- Koin 6 News

Bob Banks, securities attorney with Samuels, Yoelin, Kantor LLP speaks with Koin 6 News last week about the impact of the Aequitas situation on investors


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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Aequitas Lawsuits – how to choose

If I choose to be in and Aequitas lawsuit, which one should I choose?

The good news is that all of the lawyers and law firms who have been reported by the press as representing Aequitas investors are excellent law firms. Based on what we have heard, there are two basic approaches that law firms are taking.

1.  Some investors were referred to their lawyers by the same investment advisors that sold them their Aequitas investments.Those law firms will probably not be able to bring claims against the investment advisors who referred the clients to them. They may have some advantage in that they will be representing large numbers of investors in claims against Aequitas officers and directors, accountants and lawyers that may have participated in the sale of the Aequitas investments. The disadvantage to being part of these cases is that investors who sign up with these law firms will likely be prevented from bringing claims against financial advisors who may have sold the Aequitas notes by misrepresenting the risks and characteristics of the notes that they sold.

2. Our firm has taken a different approach. 

We are evaluating two avenues of recovery for our clients. FIRST, we will be filing claims against the investment advisors that sold Aequitas products to our clients. We will not make any agreements with any investment advisors who sold Aequitas, because we intend to bring claims against investment advisors who breached their fiduciary duties to their clients in selling Aequitas. Not every investor has such a claim. But, investors who were told by their investment advisors that these were safe investments, those who were solicited to make their purchases recently, and those who invested an unsuitable percentage of their retirement money in Aequitas and other “alternative investments” have strong claims against their advisors that ought to be evaluated. Many of those claims will be prosecuted in arbitration (instead of court) because of a provision in the investment advisory agreements. Our firm is limiting the number of clients we can accept against any one investment advisory firm, but we are reviewing claims against several different advisors in a number of states. SECOND, we also intend to pursue additional claims in court for our clients in court against other defendants who participated, aided and controlled the persons who sold the Aequitas investments. This may include officers and directors of Aequitas, its accountants, lawyers, and companies that were involved in the management of client funds held at investment advisory firms that had a connection to Aequitas.

Samuels Yoelin Kantor securities attorneys Robert Banks and Darlene Pasiczny are heading up the Aequitas investigation. Mr. Banks recently updated concerned investors with information regarding their choices for pursuing recovery. Please contact our office to discuss your situation confidentially. You can call 800-647-8130 or reach us by email atbbanks@samuelslaw.com or info@investordefenders.com

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Concerned About Your Aequitas Investment?

Aequitas Concerns

Investors reading recent news about Aequitas Capital Management, Inc,. and Aequitas Investment Management, LLC are rightfully concerned. Recent reports reveal dramatic layoffs and trouble with its for-profit college partner, Corinithian. Articles expose cash flow issues, sudden layoffs, and a failure to repay investors on schedule. Mr. Banks, a securities attorney with Samules Yoelin Kantor LLP, has been speaking with investors since 2011. If you are an Aqueitas investor, Bob Banks will provide a free and confidential review of whether claims might exist based on your investments and whether you have a right to recover your loss.

The Portland Business Journal has reported trouble with Aequitas several times in the last few years. First, in early 2013 when a lawsuit was filed by American Student Financial Group in southern California. And then again in July of 2013 when more details emerged about their association with troubled student loans was revealed. Another article was published in June, 2014 when a judge ordered $2.5 million to be set aside ahead of trial. Our office started an early investigation which we announced on our our blog. It is interesting to note that former Aequitas employees mention poor fiscal management in their public reviews as well.

Bob Banks leads the Investor Defenders practice group at Samuels Yoelin Kantor, LLP. Please review his extensive credentials and experience and contact him directly by phone at  800.647.8013 or by email at bbanks@samuelslaw.com

We always encourage concerned investors to contact the North American Securities Administrators Association Nation (NASAA) or the Securities Exchange Commission (SEC)  However, while filing a complaint with these agencies is helpful for future investors, it is not likely to result in any loss recovery for you, and it does not stop the applicable statutes of limitation from running. Those time periods do not stop running until a lawsuit or FINRA arbitration claim is filed.


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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