TCA Global Credit Funds Securities Fraud Investigation

SEC reportedly charges Investment Adviser TCA Global Credit Funds With Fraud 

Have you suffered losses investing in TCA Global Credit Funds? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.

According to a press announcement on May 12, 2020, the Securities and Exchange Commission announced that it has obtained the appointment of a receiver over Florida-based investment adviser TCA Fund Management Group Corp., its affiliate TCA Global Credit Fund GP Ltd., and several funds managed by TCA to “protect investors from a fraudulent scheme allegedly conducted by TCA.”

According to the SEC’s complaint, filed on May 11, 2020, the regulator alleges that TCA improperly recognized revenue in order to fraudulently inflate net asset values and performance for several funds it managed, resulting in the funds always reporting positive returns.  TCA allegedly distributed promotional materials to current and prospective investors that included the inflated asset values and false performance results.

According to the complaint, the funds’ reported net asset value of $516 million as of November 2019 was purportedly  inflated by at least $130 million.  TCA and TCA-GP also allegedly distributed monthly account statements to investors falsely representing monthly returns and investment balances based on the inflated asset values.

The complaint further alleges that the funds paid inflated management fees to TCA and inflated performance fees to TCA-GP.

The White Law Group is investigating potential securities fraud claims involving selling agents or financial advisors who may have improperly recommended the following TCA funds to retail investors:

TCA Global Credit Fund LP

TCA Global Credit Master Fund LP

TCA Global Credit Fund LTD

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

Free Consultation with a Securities Attorney

This information is all publicly available and provided to you by The White Law Group.

If you suffered losses investing in a TCA Global Credit Fund and would like to discuss your recovery options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.

These claims are distinct from the class action filed directly against TCA Fund Management Group Corp. and could be pursued concurrently.

The Financial Industry Regulatory Authority (FINRA) operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors in FINRA arbitration claims throughout the country.

To learn more about the firm’s representation of investors, please visit www.whitesecuritieslaw.com.