0001625387-24-000007.txt : 20240301 0001625387-24-000007.hdr.sgml : 20240301 20240301151820 ACCESSION NUMBER: 0001625387-24-000007 CONFORMED SUBMISSION TYPE: MA-I/A PUBLIC DOCUMENT COUNT: 1 MA-I INDIVIDUAL: NURICK,BRIAN,GREGORY, FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Compass Municipal Advisors, LLC CENTRAL INDEX KEY: 0001625387 ORGANIZATION NAME: IRS NUMBER: 472311090 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: MA-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 868-04327 FILM NUMBER: 24709125 BUSINESS ADDRESS: STREET 1: 1310 PULASKI STREET CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 803-351-3721 MAIL ADDRESS: STREET 1: 1310 PULASKI STREET CITY: COLUMBIA STATE: SC ZIP: 29201 MA-I/A 1 primary_doc.xml MA-I/A 0001625387 XXXXXXXX Chris McManus 973-618-9506 cmcmanus@alternativereg.com cmcmanus@alternativereg.com Y 0001625387-23-000008 N Brian Gregory Nurick 2860371 N 1 0001625387 Compass Municipal Advisors, LLC 11-14-2014 N 867-01272 SUPERVISED 12-31-2015 1310 Pulaski Street COLUMBIA SC 29201 LOCATED SUPERVISED 11-14-2014 110 W Vine Street Suite 240 LEXINGTON KY 40507 11-2014 Compass Municipal Advisors, LLC COLUMBIA SC 29201 Y N Director 01-2012 11-2014 Southwest Securities, Inc. Lexington SC 29201 Y Y Senior Vice President (currently employed per Item 1(B)) 04-1998 01-2012 Ross, Sinclaire & Associates, LLC Lexington KY 40507 Y Y Financial Advisor Y 12-2004 BGN, Inc 2213 Olmstead Court Lexington KY 40513 N N Holding Company President/Director 0 Manage any affairs 10-2012 BGN Investments, LLC 2213 Olmstead Court Lexington KY 40513 N Y Investing Member 0 Manage any affiairs 05-2016 CCN Investments, LLC 2213 Olmstead Court Lexington KY 40513 N Y Investing Member 0 Manage any affairs 07-2012 Nurick Family Dynasty Trust 2213 Olmstead Court Lexington KY 40513 N N Trust Trustee 0 Manage any affairs 05-2016 Nurick Family trust 2213 Olmstead Court Lexington KY 40513 N N Trust Trustee 0 Manage any affairs 05-2016 2016 Family Protection Trust 2213 Olmstead Court Lexington KY 40513 N N Trust Trustee 0 Manage any affairs 11-2011 Meri Cameron Clarke-Nurick Irrevocable Life Insurance Trust 2213 Olmstead Court Lexington KY 40513 N N Trust Trustee 0 Manage any affairs 05-2015 Brian Nurick Revocable Living Trust 2213 Olmstead Road Lexington KY 40513 N N Trust Trustee 0 Manage any affairs 02-2017 Morehead State University Foundation, Inc. 150 University Blvd. Morehead KY 40513 N N Charitable Board Member 2 Serve as Board Member 07-2015 Compass Columbia, LLC 1310 Pulaski Street Columbia SC 29201 N N Real Estate Holding Company 50% Ownership 0 N/A 02-2019 Paul Laurence Dunbar High School 1600 Man O War Blvd Lexington KY 40513 N N School based decision-making council Parent representative 3 Assist in selling school policy to provide an environment to enhance student achievement and help the school reach its accountability goals. 01-2022 2022 Trust for Brian G. Nurick 2213 Olmstead Court LEXINGTON KY 40513 N N Trust Trustee 2 Trustee N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N Y N Y N N N N N N N N N N 03-01-2024 Kimberly McManus President, Alternative Regulatory Solutions, LLC 6I(1)(a) 6I(2)(a) Y Berkeley County School District SC Compass Municipal Advisors, LLC and Southwest Securities, Inc. 867-01272 6220 Debt - Municipal The civil complaint arises from the embezzlement and misappropriation of funds by the school district's former chief financial officer. The complaint asserts claims for common law fraud, conversion, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, negligence, civil conspiracy, violations of the South Carolina unfair trade practices act, constructive trust unjust enrichment and breach of contract. The complaint alleges that some or all defendants had undisclosed conflicts of interests, charged excessive fees, caused the school district to issue debt more frequently than necessary, charged the district unnecessary expenses, and concealed the CFO's fraud, among other things. The complaint seeks repayment of fees for the period 2007 to 2016. Defendants dispute the allegations and intend to vigorously defend the case. 50000000.00 Plaintiffs seek damages of $50,000,000 in compensatory, treble, and punitive damages. State Court Berkeley County, South Carolina Court of Common Pleas 2019CV0800548 300-B California Avenue MONCKS CORNER SC 29461 Berkeley County School District v. Compass Municipal Advisors et al 03-12-2019