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Business ProfileforVirtua International Holdings LLC
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On May 23, 2022, Virtua Capital Management LLC, Quynh “Quinn” Palomino, Jack D. Rose, and Derek Uldricks entered into a Cease and Desist Order with the The Securities and Exchange Commission. The Securities and Exchange Commission settles allegations that the business failed to adequately disclose conflicts of interest relating to their management of private investment funds. Under terms of the Cease and Desist Order the business was censured, ordered to cease and desist from committing or causing any violations and any future violations, to pay disgorgement, prejudgment interest, and civil monetary penalties totaling $2,099,089. Virtua Capital Managment LLC shall pay disgorgement of $1,543,735 and prejudgment interest of $170,354. Virtua Capital Managment LLC shall pay a civil money penalty in the amount of $150,000. Quynh Palomino shall pay a civil money penalty in the amount of $100,000. Jack D. Rose shall pay a civil money penalty in the amount of $75,000. Derek Uldricks shall pay a civil money penalty in the amount of $60,000
This action is final
At-a-glance
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Overview
Business Details
This is a multi-location business.
- Location of This Business
- 17470 N Pacesetter Way, Scottsdale, AZ 85255-5445
- BBB File Opened:
- 6/1/2022
- Years in Business:
- 6
- Business Started:
- 11/15/2017
- Business Started Locally:
- 11/15/2017
- Business Incorporated:
- 11/15/2017
- Type of Entity:
- Limited Liability Company (LLC)
- Related Businesses
Customer Complaints
0 Customer Complaints
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