Shepherd Smith Edwards and Kantas Wins $100K Arbitration Award Against Momentix Capital Over for AGM Capital Fund II Losses

Suspended Brokers Vincent Camarda and James McArthur Ran an Alleged Investment Scam That Defrauded Investors of Millions of Dollars

A FINRA arbitration panel awarded a New York retiree $100,000 after legal representation by Shepherd Smith Edwards and Kantas successfully proved losses linked to the AGM Capital Fund II. The case highlights an alleged $500M investment scam involving suspended brokers Vincent Camarda and James McArthur, whom Momentix Capital failed to supervise.

A FINRA arbitration panel awarded a New York investor $100,000 in his investment loss recovery claim against Momentix Capital (FKA Traderfield Securities) and suspended brokers Vincent Jerome Camarda and James Edward McArthur. The amount of the award is what this investor was pursuing from his AGM Capital Fund II losses. Shepherd Smith Edwards and Kantas (investorlawyers.com) represented this Claimant and his FINRA arbitration case.

The investor is a retiree who entrusted a large portion of his retirement money to the Respondents. He made it clear he did not want undue risk.

Momentix Capital and its financial advisors unsuitably recommend the AGM Capital Fund II. This was a risky, “junk” promissory note from an obscure LLC that now appears to have been part of an alleged $500M investment scam.

Our Client would go on to sustain significant losses.

What Was Vincent Camarda and James McCarthur’s Role In the Par Funding Investment Scheme?

Vincent Camarda and James McArthur are accused of running the alleged Par Funding scam under the noses of Momentix. Their CRDs note 33 and 19 customer disputes, respectively, most of which are still pending.

• Camarda and McArthur were also registered investment advisers at AG Morgan Financial Advisors until last year.
• Through this investment advisory firm, the two men allegedly raised more than $75M in unregistered fraud offerings affiliated with Complete Business Solutions (d/b/a) Par Funding.
• Par Funding purportedly ran a $500M fraud offering.
• Camarda and McArthur are believed to have earned $7M in compensation for the sales of these unregistered securities offerings.
• The AGM Funds I and II were not approved by their broker-dealer.

How Many Investors Were Scammed in the AGM Capital Fund Fraud?

More than 200 investors were allegedly defrauded.

The US Securities and Exchange Commission (SEC) sued Camarda and McArthur in a related securities fraud case.

Did Momentix Capital Know Its Investors Were Defrauded in the Par Funding Scam?

If Momentix didn’t know about this scheme that has since cost investors millions of dollars, then they should have known. Either way, the brokerage firm failed to supervise its then-financial advisors and protect customers.

How Can I Sue My Broker Over My AGM Capital Fund Losses?

• Explore your legal options.
• Assess whether you have grounds for a claim with the help of our savvy securities law firm.
• File your lawsuit in FINRA arbitration with our help.

Are You An AGM Capital Fund Investor Wondering If You Should Sue Over Your Losses?

Contact Shepherd Smith Edwards and Kantas at (800) 259-9010 or online to request your free case assessment.