In a recent SEC complaint, there were allegations made against The Nutmeg Group, LLC, and others, that Nutmeg has invested fund assets almost entirely in private investments in public equity ("PIPE") transactions. Nutmeg was an investment adviser of 15 funds. The SEC alleges in it's complaint that Nutmeg improperly commingled investor and fund assets, and misappropriated over $4 million in fund assets, failed to maintain the required books and records, and overstated the performances of its funds to investors. The SEC complaint also alleges that Nutmeg provided false information about the investors’ cash holdings, during every quarter of 2008.
The SEC has filed civil fraud claims in Illinois against The Nutmeg Group, LLC, Randall Goulding, Nutmeg’s owner and managing member, and by David Goulding, Nutmeg’s Chief Compliance Officer, and others involved.
Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have investment losses with The Nutmeg Group, LLC, please call for a free consultation on how to potentially recover those losses. To speak with an attorney call 888-760-6552, or visit our website at: https://www.securitieslawyer.com.
Soreide Law Group, PLLC., representing investors nationwide.
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