Did You Invest in Tarpon Creek Investments, LLC?
The White Law Group is investigating potential securities claims on behalf of investors who purchased interests in Tarpon Creek Investments, LLC, a private placement sponsored by Webb Creek Management Group. Investors concerned about losses in this offering may be able to pursue recovery through a FINRA arbitration attorney against the brokerage firm that sold them the investment.
Inside the Tarpon Creek Investments, LLC Private Placement
According to a Form D notice filed with the U.S. Securities and Exchange Commission, Tarpon Creek Investments LLC is a Georgia limited liability company formed in 2017, with its principal place of business in Rome, Georgia. The company reported first selling securities on November 16, 2017. Per the filing, the total offering amount was $9,216,900, and $8,413,129 was reported sold to 101 investors, with a stated minimum investment of $93,100. These figures come directly from the issuer’s SEC filing and have not been independently verified by The White Law Group.
The related-persons section of the filing identifies Bryan Kelley as an executive officer of Tarpon Creek Investments LLC, along with Ronald Wallace and Steven Kelley. Bryan Kelley also serves as chief executive officer of Webb Creek Management Group, a Rome, Georgia-based sponsor of syndicated real estate and land-related private placements, including offerings structured around conservation easement deductions. Learn more about the risks of Conservation Easement Investments.
Who Sold Tarpon Creek Investments, LLC to Investors
The Form D filing lists Dempsey Lord Smith, LLC as the broker-dealer that received sales compensation in connection with the Tarpon Creek Investments LLC offering, with estimated sales commissions of approximately $921,690. If your broker or financial advisor at Dempsey Lord Smith, or another FINRA-registered brokerage, recommended Tarpon Creek Investments LLC to you, that firm may have obligations relevant to your situation.
What Brokers Owe Investors Under FINRA Rules
Alternative investments like Tarpon Creek Investments LLC generally involve a much greater degree of risk than traditional investments such as stocks, bonds, or mutual funds. Interests in limited liability companies are frequently sold as unregistered securities and lack the same regulatory oversight and liquidity as exchange-traded products.
Broker-dealers that recommend alternative investments are required to perform reasonable due diligence and to ensure that any recommendation is suitable in light of an investor’s age, risk tolerance, net worth, financial needs, and investment experience. Where a broker allegedly failed to disclose material risks or recommended an unsuitable concentration in illiquid private placements, that firm may be liable for resulting losses.
Pursuing a FINRA Arbitration Claim
The securities attorneys at The White Law Group represent investors nationwide in disputes with brokerage firms over the sale of high-risk private placements, including offerings sponsored by Webb Creek Management Group. If a broker-dealer failed to conduct adequate due diligence, misrepresented the risks of Tarpon Creek Investments LLC, or recommended an investment unsuitable for your circumstances, our firm may be able to help you pursue a FINRA arbitration claim to recover your losses.
Tarpon Creek Investments, LLC: Investor Questions Answered
Is Tarpon Creek Investments, LLC connected to Webb Creek Management Group?
Yes. According to its SEC Form D filing, Tarpon Creek Investments LLC lists Bryan Kelley, chief executive officer of Webb Creek Management Group, along with Ronald Wallace and Steven Kelley, as its related persons and executive officers.
How risky is a Regulation D offering like this one compared to a mutual fund or ETF?
Considerably riskier. Regulation D offerings are exempt from SEC registration, are generally illiquid with no public market for resale, and don’t carry the same ongoing disclosure requirements as registered securities. Investors often can’t easily verify current valuations or exit the investment early.
My broker sold me this investment. What are my next steps?
Gather your account statements, the private placement memorandum, and any communications with your broker, then contact a securities attorney. If the recommendation wasn’t suitable for your financial profile or the risks weren’t properly disclosed, you may have grounds for a FINRA arbitration claim against the selling firm.
Free Consultation With The White Law Group
If you have concerns about your investment in Tarpon Creek Investments, LLC and would like to speak with a securities attorney about your options, please call The White Law Group at (888) 637-5510, or visit our contact page to submit your information online.
The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. For more information about the firm’s representation of investors in FINRA arbitration claims, visit whitesecuritieslaw.com.
This post is based on information contained in the issuer’s Form D filing with the U.S. Securities and Exchange Commission and is provided for informational purposes only. It does not constitute an allegation of wrongdoing by any specific individual or firm and should not be construed as legal advice.
