Nevada  |  Investment Law

Legal Question

Asked on: 4/22/09, 6:40 pm

business investment liability

i was m. partner of a now ternminated nevada llc. the llc made an invest ment in a SEC approved investment that later the SEC shut down because it was a ponzi. my llc had, before this happen terminated it's investment, had it's principal returned with the profit. can the SEC come after me personally for the illegal (their words) profit or just the llc? they have send a letter to the llc but not to me personally. the profits were used to sustain the llc for a time but the llc is terminated in may 07

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