AGM Capital Fund Losses

AG Morgan Vincent Camarda Remains Under Scrutiny For Unsuitable Investment Recommendations That Allegedly Led to Customers Collectively Losing Many Millions of Dollars

If you are an investor who sustained losses in the AGM Capital Fund II or I, and you worked with now suspended financial advisor Vincent Jerome Camarda, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Camarda, who was most recently a registered representative with IBN Financial Services and before that with Traderfield Securities, is the principal of registered investment adviser AG Morgan Financial Advisors, LLC.

Camarda spent 27 years in the industry. His BrokerCheck CRD shows 37 disclosures, many of which are customer disputes that are already settled or still pending. Most of the claims were filed in 2024 or later. They include a $1.4M arbitration award against Camarda, a $336,248 arbitration award against AG Morgan, Camarda, and AG Morgan Chief Compliance Officer James Edwards McArthur, and a separate $1.3M award against all three of them. Camarda and McCarthur run the AGM Capital Funds.

Why Are Investors Suing Vincent Camarda For Their AGM Fund Losses?

Camarda is under fire for his allegedly unsuitable recommendation of the AGM Capital Fund II. This was an illiquid private placement. In 2022, the US Securities Exchange Commission filed a civil complaint accusing the suspended broker, McCarthur, and AG Morgan of raising over $75M from more than 200 investors in an unregistered securities offering. They purportedly solicited investors to buy promissory notes tied to an offering by Complete Business Solutions Group d/b/a Par Funding. More than $7M in compensation was paid to them for the sales. Meanwhile, misrepresentations and omissions about the risks were allegedly made, and conflicts of interest were purportedly not disclosed.

The customer disputes against Camarda make a number of allegations, including negligence, breach of fiduciary duty, failure to supervise, selling away, unsuitability, gross negligence, misrepresentations and omissions, fraud, breach of contract, failure to supervise, negligent hiring, and more. Other respondents in these investor claims have included Momentix Capital (FKA), Traderfield Securities, and IBN Financial.

James McCarthur, who was also a registered representative with both IBN Financial and Traderfield Securities, is also suspended. His BrokerCheck CRD lists 18 still pending or settled customer disputes.

Why Sue The Broker-Dealers Along With Camarda For The Investment Losses?

Traderfield Securities and IBN Financial were supposed to properly supervise their registered representative to ensure that customers were not being harmed by any fraudulent activities. The AGM Capital Fund is a private placement fund that was unsuitable for retail investors. It was a bad investment choice for retirees.

When a failure to supervise by a brokerage firm enables investment fraud, unsuitability, broker misconduct, or negligence, investors who were harmed may be able to sue for damages in FINRA arbitration.

Shepherd Edwards and Kantas are representing AGM Capital Fund losses in pursuing the losses they sustained. We are well-versed in what happened and why broker-dealers should be held liable. We have the skills, experience, and resources to maximize each of our clients’ chances for a full financial recovery.

Call (800) 259-9010 or fill out this online contact form to schedule your free case assessment.