Investment Management
Ironbridge Asset Fund 2, LLCFind BBB Accredited Businesses in Investment Management.
About
Important information
- Pending Government Action:Government Action: BBB reports on known government actions involving business’ marketplace conduct:The State of Texas v. Brett Pittsenbargar
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven.
On February 4, 2020 The Texas State Securities Board indicted Brett Pittsenbargar for directly and through agents, and through his companies, Ironbridge Asset Fund, LLC, and Ironbridge Asset Fund 2, LLC, for selling and offering securities committed fraud by failing to disclose Mr. Pittsenbargar, along with Woodbridge Mortgage Investment Fund 3, LLC, its principal Robert Shapiro, and others, was named in an Emergency Cease and Desist Order by the Texas State Securities Board for intentionally failing to disclose the Massachusetts Securities Division entered an administrative order on May 4, 2015 in the matter of Woodbridge Mortgage Investment Fund 1, LLC, Woodbridge Mortgage Investment Fund 2, LLC, and Woodbridge Mortgage Investment Fund 3, LLC.
It is alleged Pittsenbargar intentionally failed to disclose investor funds were used to purchase investments with the Woodbridge Group of Companies, LLC and its affiliates. It is also alleged Pittsenbarger intentionally failed to disclose Pittsenbargar was the sole principal of Ironbridge Asset Fund, LLC and Ironbridge Asset Fund 2, LLC. Intentionally failed to disclose Pittsenbarger filed for chapter 7 bankruptcy in the US Bankruptcy Court, District of Colorado.
Pittsenbargar continued to obtain $100,000 or more after filing for Bankruptcy.
The matter is pending. For more details go to https://www.ssb.texas.gov/sites/default/files/Indictment_SecFraud_D1DC19900152.pdf.
https://www.ssb.texas.gov/sites/default/files/Indictment_SecFraud_D1DC19900152.pdf
Business Details
- Local BBB:
- BBB serving the Heart of Texas
- BBB File Opened:
- 2/20/2020
- Business Started:
- 7/14/2015
- Business Incorporated:
- 7/14/2015
- Type of Entity:
- Limited Liability Company (LLC)
- Related Businesses:
- MGM Home Remodeling LLC
- Business Management:
- Mr. Brett Pittsenbargar, Member
Additional Contact Information
- Principal Contacts
- Mr. Brett Pittsenbargar, Member
- Customer Contacts
- Mr. Brett Pittsenbargar, Member
Additional Information
- Referral Assistance
- Texas State Securities Board
208 E 10th St FL 5
Austin TX 78701
Phone Number: (512) 305-8300
http://www.ssb.state.tx.us
generalinfo@ssb.state.tx.us - Business Categories
- Investment Management
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.