Former Aequitas Capital executives Brian Rice and Andrew MacRitchie have asked a federal court for permission to use the collapsed firm's insurance to pay their legal costs related to a criminal investigation.
The Oregonian first reported the story.
Lake Oswego-based Aequitas collapsed in February 2016. At one point it claimed to manage $1.7 billion in assets. The Securities and Exchange Commission filed civil charges against Aequitas and three executives, including former CEO Bob Jesenik,…
