Last Updated: July 2025
Tasty Brands LP
According to a posting on the Triton Pacific website:
“Triton Pacific is a Los Angeles, CA based private equity firm founded in 2001 and is the sponsor of Tasty Brands, LP, a tax advantaged offering focused on acquiring and operating nationally recognized quick service restaurants. Tasty Brands rapidly consolidated 229 restaurants across 10 states and 30 cities within the Burger King and Pizza Hut systems.”
Tasty Brands LP was offered under Rule 506(b) of Regulation D. It was a $150,000,000 offering made in all 50 states with a minimum investment of $25,000. Sales commissions of $1.5 million were paid to sellers. SEC Form D.
Tasty Brands was to acquire interests in Burger King, Pizza Hut and other fast food franchises on the east coast using investor capital and pay dividends from operations.
Investors purchased interests in Tasty Brands LP units with the promise and expectation that they would receive distributions periodically and that the units would appreciate in value over time.
Tasty Brands Pauses Distributions—Share Value Dropping
Recently distributions have been paused, and the net asset value of Tasty Brands has dropped substantially from the original purchase price. It is not known, if or when, distributions will be resumed.
Investors relying on these distributions for monthly living expenses may be facing challenges as a result of this unfortunate situation.
Depending on your circumstances you may be able to recover damages from the brokerage firm that sold you the investment.
Private Placements
Private placements like Tasty Brands are public companies however they aren’t registered or traded on any public exchange, making them highly illiquid.
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
Brokers Have a Duty to Make Suitable Recommendations
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Sellers of private placements are required to conduct due diligence to ascertain and assure that the recommendation to an investor to purchase an investment like Tasty Brands LP is suitable for the investor.
If you believe your advisor made an unsuitable recommendation which has caused you losses, you may be able to recover damages through FINRA arbitration. When considering suitability an advisor must take into account your age, level of financial sophistication, health, risk tolerance and investment objectives.
The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Rex Securities Law
See this for more information on REITs and Other Alternative Investments
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Rex Securities Law provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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