SeaQuest Holdings LLC Investors Lawsuit Investigation
What is SeaQuest Holdings LLC?
SeaQuest, an interactive aquarium chain with locations in several states including Minnesota, is currently involved in bankruptcy proceedings. SeaQuest filed for Chapter 11 bankruptcy in December 2024, reporting $15.2 million in revenue for 2023—down from $27.1 million in 2022—and liabilities between $10 million and $50 million. A 2024 USDA report allegedly cited serious issues at the Roseville, MN location, including hazardous enclosures, unsanitary conditions, and lack of veterinary care.
Key Details:
- Fund Type: Private equity fund structured as a limited liability company (LLC).
- SEC Filing: Filed a Form D notice on December 5th, 2016, indicating an exempt offering of securities under Rule 506 of Regulation D.
The Risks of Investing in SeaQuest Holdings LLC
Illiquidity: You likely won’t be able to sell your investment easily, if at all, for several years.
High Risk of Loss: As a private equity-style investment, there’s a real possibility of losing some or all of your money.
Limited Transparency: The fund is not required to disclose regular performance updates or detailed financials like public companies.
High Fees & Potential Conflicts: Fees can significantly reduce returns, and fund managers may have incentives that don’t align with investors’ best interests.
Recovery of Investment Losses
FINRA Arbitration May Be an Option
Contact The White Law Group
Frequently Asked Questions
Yes. Claims must be filed within a certain time frame, but if you only recently discovered the misconduct or fraud, you may still be eligible under the “discovery rule.” Contact us for a free case review.
We handle most cases on a contingency fee basis, meaning there is no fee unless we recover funds for you.
On average, FINRA arbitration cases take 12–16 months to resolve, depending on the complexity and number of parties involved. Some settle much faster.
