Lars Soreide, Esq., of Soreide Law Group is bringing claims on behalf of investors through the Financial Industry Regulatory Authority (FINRA), against Ken Miller for the sale of the Hennessey Fund f/k/a the Hennessey Fund also known as Capital Solutions.
Ken Miller sold the Hennessey Fund while at NFP Securities, when he worked for NFP in their LaFayette, LA office from 12/03 through 11/09. The Securities and Exchange Commission (SEC) is investigating the Hennessey Fund. On or about September, 2008, the name of the fund was changed from the Hennessey Fund to Capital Solutions Monthly Income Fund, L.P. (CS). In March, 2009, CS informed investors that the monthly distribution rate would be reduced from 12% to 6% annually. In July of 2009, CS stopped all monthly distributions under the auspices of implementing a new strategy to increase liquidity by the assumption of the CS fund by True North Finance Corporation. Investors have not received any distributions since March 2009, and have lost 100% their original investment. True North Finance Corporation informed investors that it had assumed the CS fund as of October 15, 2009. True North Finance Corporation began sending quarterly statements to investors beginning with the third quarter of 2009. The last statement was sent out by True North Finance Corporation to investors in the second quarter of 2010. The Securities and Exchange Commission (SEC) as of September 22nd, 2010, has now charged CS with fraud. The Fund's sole purpose, was to make loans to a single borrower. The SEC alleges that the Fund never had any meaningful income and was using new investor funds to pay existing investors.
If you lost money in the Hennessey Fund/True North/Capital Solutions please contact Soreide Law Group at (888) 760-6552.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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