Investors should seek damages after Tyler Tysdal recommended investments that were unsuitable.
Tyler Tysdal of Lone Tree, Colorado, and his business partner, Grant M. Carter of Johns Creek, Georgia, reportedly formed an entity called Cobalt Sports Capital, LLC, for the purpose of making loans to athletes and sports agencies.
Instead, Tysdal and Carter are accused of diverting over $15 million of investor funds to a private fund managed by Tysdal, Impact Opportunities Fund, L.P. The fund eventually failed, resulting in losses for investors in Cobalt.
Additionally, the SEC found that Tysdal and his investment advisor, Impact Opportunities Fund Management, defrauded the Impact Opportunities Fund and its investors by charging the fund undisclosed monitoring fees.
The SEC also alleged that Tysdal and two other advisers defrauded the private fund TitleCard Capital 1Fund, L.P. According to the SEC, Tysdal and the two advisers breached the fund’s concentration limits by causing the fund to purchase Cobalt from Impact Opportunities Fund at the end of 2015.
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The Sonn Law Group is currently investigating allegations surrounding Tyler Tysdal. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.