The SEC recently filed charges against Aequitas Capital Management, claiming that the firm and its CEO, Bob Jesenik, defrauded investors by covering the weakening condition of the firm. The SEC report states that the firm hid its “rapidly deteriorating financial condition” and continued to raise more than $350 million from investors.
We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.