Meyer Wilson Representing Investors in Claims Against TD Ameritrade Relating to Sales of Investments in Aequitas Management and Related Entities
If you are a current or former customer of TD Ameritrade who lost money in investments issued by Aequitas Management and related entities, then you might be able to recover your losses against TD Ameritrade as a result of the improper sale of these fraudulent investments.
Our law firm is currently representing former customers of TD Ameritrade with respect to their claims against the brokerage firm arising from the sale of investments in Aequitas. Based on our representation of these customers and our ongoing investigation, we believe that TD Ameritrade violated the securities laws and should be held legally responsible for improperly selling the Aequitas investments to their customers, including paying these customers for all of the monetary losses they have suffered.
Earlier this year, the Securities and Exchange Commission (SEC) filed charges in federal court alleging that Aequitas was actually a Ponzi scheme. The SEC states that Aequitas allegedly defrauded more than 1,500 investors nationwide into believing they were making health care, education, and transportation-related investments when their money was really being used in a last-ditch effort to save the firm. In typical Ponzi-like fashion, money from new investors was allegedly used to pay earlier investors
Brokerage firms like TD Ameritrade are required to recommend only suitable investments to their customers. They are also required to perform extensive due diligence on any investments before recommending them to any customers. We believe that TD Ameritrade breached these important obligations when recommending the sale of Aequitas investments to its customers.
If you invested in Aequitas as a result of a recommendation made by a TD Ameritrade representative, then our law firm might be able to help you recover the money that you lost. Please contact our investment fraud attorneys today for a complimentary evaluation of your potential claim.