Broad Street Global is a firm specializing in investments in real estate, custom home building, and other sectors. KlaymanToskes is investigating allegations against Broad Street Global Management for investment fraud, misleading investors, and mismanaging funds, as outlined by the SEC. Contact KlaymanToskes today at +1 (888) 997-9956 or request a free case evaluation.
National securities law firm KlaymanToskes is currently investigating allegations against Broad Street Global Management LLC (BSG), brought forth by the Securities and Exchange Commission (SEC), including allegations that BSG engaged in an extensive investment fraud, misleading over a thousand investors, and mismanaging more than $1 billion in funds.
If you are an investor in Broad Street Global who suffered losses and/or have concerns about how your investments were handled, contact attorney Steven D. Toskes at (888) 997-9956 or by email at investigations@klaymantoskes.com in furtherance of our investigation.
On January 29, 2025, the SEC filed a lawsuit against Broad Street Global, a South Carolina-based private equity fund, along with its affiliate Broad Street Inc. (BSI), and executives Steven Baldassarra, Joseph Baldassarra, and David Feingold. The federal lawsuit, lodged in Florida, alleges these entities and individuals were involved in deceptive schemes and made materially false statements to raise significant amounts from investors. The SEC’s action seeks an asset freeze, injunctions, and the appointment of a receiver to prevent further investor harm.
According to the SEC, Broad Street Global misrepresented the nature of investments in various sectors including merchant cash advances, real estate infrastructure, hotels, and more. The firm allegedly promised high yields and tax benefits that were not achievable, leading to substantial investor losses. Moreover, it is alleged that the firm commingled funds and failed to maintain the promised separateness of assets and liabilities across different investment offerings.
Investors who suffered losses in Broad Street Global or Broad Street Inc., are encouraged to contact attorney Steven D. Toskes at (888) 997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Steven D. Toskes, Esq.
KlaymanToskes, P.A.
+1 888-997-9956
investigations@klaymantoskes.com