Haselkorn & Thibaut has launched an investigation into the activities of financial advisors Stephen Patterson (CRD# 5421740) and Nathaniel Goad (CRD# 7206447), both associated with J. Alden Associates in Wayne, Pennsylvania. If you are an investor who incurred losses, especially those connected to the KeyCity Capital (formerly Lasater Capital) real estate funds, this in-depth report will guide you through crucial red flags, steps for due diligence, and how to explore your recovery options. If you have concerns, you can reach Haselkorn & Thibaut for a free and confidential consultation at 1-888-885-7162. Our priority is your peace of mind and financial well-being.
Who Are Stephen Patterson & Nathaniel Goad?
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Stephen Patterson and Nathaniel Goad are financial advisors registered with J. Alden Associates, whose office is located in Wayne, Pennsylvania. They have both been involved in selling private real estate fund investments under the KeyCity Capital (Lasater Capital) brand to accredited investors across the country. These funds were marketed as asset-backed alternative investments, promising regular returns and backed by substantial real estate holdings.
| Advisor Name | CRD Number | Broker-Dealer |
|---|---|---|
| Stephen Patterson | 5421740 | J. Alden Associates |
| Nathaniel Goad | 7206447 | J. Alden Associates |
KeyCity Capital (Lasater Capital) Fund Losses — What Happened?
KeyCity Capital, now known as Lasater Capital, is based in Southlake, Texas, and has reportedly raised capital from a nationwide pool of at least 750 accredited investors. Their real estate funds, promoted as safe, asset-backed opportunities, unfortunately experienced multiple catastrophic financial events. These included:
- Foreclosures on major apartment complexes, including a high-profile Memphis, Tennessee property (foreclosed after an $84.33M loan default and auctioned for only $42M)
- Judgments, bankruptcy filings, and unresolved code violations associated with other Texas and Tennessee properties
- Allegations of misrepresenting financial health and investment records to investors
These adverse outcomes have resulted in estimated losses exceeding $30 million for investors in just one major project, along with additional millions on other properties such as the Joshua Landing complex in Texas.
Specific Complaints & Disclosures for Stephen Patterson & Nathaniel Goad (as of June 2024)
If you invested in the KeyCity Capital/Lasater Capital funds through Stephen Patterson or Nathaniel Goad, here is what the latest regulatory review reveals. Both advisors appear in a FINRA BrokerCheck search. As of June 2024, customers have filed claims against both Patterson and Goad relating to these investments. The nature and details of these complaints are outlined below for your understanding and due diligence:
-
Stephen Patterson (CRD# 5421740):
- Customer Complaint (Pending): Related to investments in KeyCity Capital funds, with alleged damages of more than $800,000.
- No prior regulatory or disciplinary actions were listed as of June 2024.
-
Nathaniel Goad (CRD# 7206447):
- Customer Complaint (Pending): Related to investments in private placements, with alleged damages of more than $1.5 million.
- No prior regulatory or disciplinary actions were listed as of June 2024.
Note: Formal regulatory proceedings or criminal actions were not reported for either advisor as of the latest available data. This can change at any time, and investors are strongly encouraged to monitor both advisors’ records for updates.
How to Do Your Own Advisor Check
Empowering yourself with information is a key step in protecting your financial future. Here’s how you can check for additional details or new complaints:
- Visit FINRA BrokerCheck and search by the advisor’s CRD number or name.
- Carefully review the “Disclosures” section for new complaints, arbitrations, or regulator actions.
- Bookmark the advisor’s results page and check quarterly for any changes.
If you discover a new item or need help understanding an entry, Haselkorn & Thibaut’s team can interpret these reports and offer guidance on next steps.
What Are the Red Flags for Investors?
Based on current research and client reports, these are the top red flags associated with investments introduced by Stephen Patterson or Nathaniel Goad through J. Alden Associates:
- Significant losses suffered after investing in private placements that were represented as safe, asset-backed opportunities
- Foreclosures and bankruptcy filings linked to underlying real estate assets
- Pending customer complaints alleging substantial damages and potential misrepresentations
- Potential concentration of investment portfolios in illiquid, high-risk unlisted funds
None of these items by themselves prove wrongdoing. However, they should prompt a careful, thorough review and open communication with a professional experienced in navigating complex investment losses.
Your Next Steps – Free Consultation with Haselkorn & Thibaut
If you or someone you know has suffered losses with Stephen Patterson (J. Alden Associates, Wayne, PA) or Nathaniel Goad, now is the time to understand your options. Haselkorn & Thibaut is a national law firm with over 50 years’ collective experience, a 98% success rate, and a proven track record of recovering millions for clients in complex securities matters. We offer free and confidential consultations—and there are no fees unless we recover on your behalf.
- No obligation, no pressure—just answers and guidance.
- Call today at 1-888-885-7162 to speak directly with an experienced investment loss attorney.
- You can also visit our website at investmentfraudlawyers.com for more information and to fill out a confidential contact form.
Don’t wait—if you have questions about your investments, one conversation could help you reclaim your peace of mind.
