Erez Law is currently investigating Regions Securities LLC broker Coleigh McKay (CRD# 5095690) faces a $30 million customer complaint for losses in a private equity fund. He has been registered with Regions Securities LLC in Nashville, Tennessee, since 2015.
In October 2022, Coleigh McKay was named in a civil suit from Emvest Pro Alia Management, Emvest UK Ltd, Susan Payne and other named Applicant Parties regarding: “Applicant Parties allege defendants (including Vanderbilt University) caused Applicant Parties “material losses and mental distress”. Vanderbilt University through their Office of Investments invested in the private equity fund (one of the Applicant Parties) managed by the Applicant Parties that ultimately failed and was liquidated in 2019.”
Coleigh McKay Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2022. “Applicant Parties allege defendants (including Vanderbilt University) caused Applicant Parties “material losses and mental distress”. Vanderbilt University through their Office of Investments invested in the private equity fund (one of the Applicant Parties) managed by the Applicant Parties that ultimately failed and was liquidated in 2019.” The customer is seeking $30,418,671.50 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Regions Securities LLC may be liable for investment or other losses suffered by Coleigh McKay’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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