September 2014-Austin, TX
The Texas State Securities Board (TSSB) entered an order against Versus Capital Multi-Management Real Estate Income Fund LLC (“Versus”) for the sale of unregistered securities.
The consent order, which was signed by John Gordon, chief compliance officer of Versus, finds that Versus has sold securities in Texas in the form of its Class I Shares in the amount of nearly $694,000, pursuant to an offering that was not registered under Section 7 or 10 of the Texas Securities Act and for which the transactions or securities were not exempt under sections 5 or 6 of the Texas Securities Act.
Versus has agreed to pay a fee to the TSSB equal to six times the amount that would have been paid if the securities had been properly registered, plus interest.
If you suffered losses as a result of purchasing Versus securities, contact us to find out how you may be able to recover damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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