Broadstreet Global Fund Faces Securities Fraud Allegations Brought by the Securities and Exchange Commission
Rosca Scarlato LLC, a prominent investor rights law firm, is investigating the alleged fraudulent investment offerings of Broad Street Global Fund, LLC (“Broadstreet” or “BSG Fund”) following a lawsuit filed by the Securities and Exchange Commission (“SEC”) on January 29, 2025. The SEC alleges that Broadstreet, its principals, and affiliated entities engaged in a multi-faceted $1 billion securities fraud scheme that defrauded over 1,000 investors.
The Commission accuses Broadstreet’s principals and affiliated entities of inflating returns, comingling funds, making false and misleading statements and diverting investor funds to entities controlled by Broadstreet principals, among others. The SEC’s action seeks temporary restraining order, an asset freeze, and the appointment of a receiver to protect investors and halt the alleged ongoing fraud, among other remedies.
The SEC’s receivership and asset freeze motions underscores the seriousness of the pending allegations against the Broad Street entities and certain of their principals, according to investor attorney Alan Rosca. If granted, the motions are likely to have serious implications for the company and its investors, including possibly putting the funds into liquidation, according to attorney Rosca.
Broadstreet investors may have options to seek compensation for their investments in addition to and separately from the SEC’s claims against Broadstreet and its management. If you are an investor in the BSG Fund series or possess relevant information, the Rosca Scarlato investor rights attorneys encourage you to contact them for a free evaluation of potential compensation claims. Fill out the form on Broadstreet Global Fund investigation page, call 888-998-0530 or email attorney Alan Rosca at arsoca@rscounsel.law.
Rosca Scarlato LLC is a leading nationwide investor rights law firm that prosecutes cases arising out of alleged violations of securities law, investment fraud, and/or Ponzi schemes. The Rosca Scarlato attorneys have decades of combined experience representing investors in cases involving fraud or other financial misconduct. They typically work on a contingency fee basis, case expenses are advanced by the law firm, and the firm only gets paid for its fees and expenses if and when there is a recovery, wherever permitted. All evaluations are free.
This release may be deemed to include Attorney Advertising. There has not been an adjudication on the merits of any allegations referenced herein, as of the publication date.
