U.S. Markets closed

TCA Funds Fraud Investigation by Goldman Scarlato & Penny Securities Lawyers: Investor Alert

PHILADELPHIA, May 15, 2020 /PRNewswire/ -- The investor rights lawyers at Goldman Scarlato & Penny, PC ("GSP") are investigating potential claims on behalf of investors in certain funds managed by TCA Fund Management Group, following recent charges for fraud by the Securities and Exchange Commission ("SEC").

TCA Funds investors who invested in TCA Global Credit Fund or TCA Global Credit Master Fund may contact GSP partner Alan Rosca to discuss about their investments or provide useful information, at 888-998-0530 or via email at rosca@lawgsp.com.  Attorney Rosca's investigation indicates that the TCA Funds used a network of investment advisors and firms to raise money from investors. The GSP securities lawyers are evaluating potential claims against firms and advisors that recommended TCA Fund investments to investors without first conducting adequate due diligence as to those funds and their management.

On May 12, 2020 the SEC alleged a TCA Fund fraudulent scheme perpetrated by TCA Fund Management and certain individuals. The Commission alleged that TCA fraudulently inflated its funds' asset values by at least $130 million and concealed the true TCA Fund performance from investors. The TCA Fund managers improperly collected inflated management fees. The Court appointed a TCA Fund receiver for those TCA Funds.

Investor Claims for TCA Fund Losses

Some of the TCA Fund investors may have claims against investment advisers and firms that sold TCA Fund investments to them without first conducting adequate due diligence, according to attorney Rosca.

Investment professionals have a duty to conduct adequate due diligence as to the investments they recommend to their customers, and may be held liable when they fail to do so, according to attorney Rosca.

What TCA Fund Investors Should Do

TCA Fund investors who are concerned about their TCA Fund investments should contact securities attorneys Alan Rosca or Paul Scarlato for a free, no-obligation evaluation of their options at 888-998-0530 or rosca@lawgsp.com.

The GSP lawyers represent investors who lose money as a result of investment-related misconduct. They are preparing to take action and seek compensation on behalf of victimized TCA investors. They take most cases of this type on a contingency fee basis and advance the case costs. There are no fees or costs if no recovery.

For more information about the GSP attorneys and their practice areas and admissions, visit https://investorlawyers.org/. Attorney advertising. © GSP 2020.

Related Links: https://investorlawyers.org/TCA-Fund-investor-center/



View original content:http://www.prnewswire.com/news-releases/tca-funds-fraud-investigation-by-goldman-scarlato--penny-securities-lawyers-investor-alert-301060330.html

SOURCE Goldman Scarlato & Penny, P.C.