Company Information

Get to know RD Legal Funding LLC

Founded by Roni Dersovitz, RD Legal Funding, LLC operated in the litigation finance sector, providing non-recourse funding to individuals and law firms awaiting settlement payments from lawsuits. The company's business model involved purchasing a portion of a future settlement at a significant discount, thereby providing immediate cash to the plaintiff or their legal team. However, the company's operations ceased in 2015 after the U.S. Securities and Exchange Commission (SEC) charged the firm and its founder with running a fraudulent scheme, misusing investor money, and lying about the nature and risks of the investments. The company was subsequently placed into receivership, and its founder was convicted and sentenced to prison, effectively ending the company's existence.

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Financial Legal ServicePRIMARY
Financial Other Service

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RD Legal Funding LLC

United States

Founded in

1998 (28 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.