National investment loss lawyers KlaymanToskes is investigating broker Evan Katz (CRD# 5848403) of Alternative Asset Investment Management Securities, BA Securities, and Stonehaven, LLC.
According to FINRA BrokerCheck, financial advisor Evan Katz has been sanctioned by the Securities and Exchange Commission (“SEC”) for allegedly providing investors with forged audit reports related to the Crawford Ventures Absolute Return Fund, which misrepresented the fund’s trading strategy and audit verifications, leading to significant investor losses.
Investors that suffered losses with broker Evan Katz are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Evan Katz has been hit with a significant regulatory action after the Securities and Exchange Commission (SEC) found that he was allegedly involved in disseminating misleading information to investors. The SEC’s allegations involve Katz’s distribution of fabricated audit reports and performance audits associated with the Crawford Ventures Absolute Return Fund, LP, a currency trading fund that successfully raised over $16 million from investors.
The SEC’s findings indicate that the Fund’s promotional materials claimed its currency trading strategy was based on a previously successful approach used by the Kamboj brothers in Separately Managed Accounts (SMA). These claims were bolstered by an “Audit Report” and a “Performance Audit,” which were presented to prospective investors as validation of the strategy’s success. However, these documents were later revealed to be forgeries, not actually issued by the claimed Australian auditing firm but rather falsified by the Kamboj brothers. The SEC’s cease-and-desist proceedings disclosed Katz’ failure to adequately verify the authenticity of the materials he shared with potential investors. This lapse, according to the SEC, constituted a failure to perform due diligence, thus violating Sections 17(a)(2) and (3) of the Securities Act.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Evan Katz, or have concerns regarding your investment portfolio at Alternative Asset Investment Management Securities, BA Securities, Stonehaven, LLC, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.