Tag Archives: Chicago investment fraud attorney

LJM Preservation & Growth Fund – LJM Partners – Investigation

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Investigating Potential Claims – LJM Preservation and Growth Fund

The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended LJM Preservation and Growth Fund to investors.

The LJM Preservation and Growth Fund is a liquid alternative mutual fund. Liquid alternatives are alternative investment strategies that are available through alternative investment vehicles such as mutual funds, ETFs, and closed-end funds that provide daily liquidity.

According to reports, LJM Capital Preservation & Growth Fund lost $600 million dollars in two days.

In New York federal court last month, Wells Fargo Securities LLC filed suit against LJM Investment Fund LP, seeking to recover more than $16 million the bank says it spent to cover the commodity pool’s losses in February’s stock market dive.

Numerous investor lawsuits have reportedly been filed alleging the following: LJM Preservation and Growth Fund Classes I, A and C failed to adequately focus on the preservation of capital, particularly in down markets as stated in the Registration Statements and Prospectuses; investors were exposed to unacceptably high risks of significant losses; as a result, the Funds’ financial statements were materially false and misleading at all relevant times.

Brokers are required to perform adequate due diligence on any investment they recommend.
They must ensure that all recommendations are suitable for the investor and are in line with the client’s risk tolerance, age, net worth, and investment experience.

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.

You may be able to recover investment losses through FINRA Arbitration. FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

Free Consultation

If you are concerned about investment losses with LJM Partners or LJM Preservation and Growth Fund, the securities attorneys at The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, call The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.

 

 

 

 

United Development Funding III – Securities Investigation

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United Development Funding IIIRecover your losses  – United Development Funding III

The White Law Group continues to investigate the liability that brokerage firms may have for recommending United Development Funding III to clients. The firm has handled a number of claims involving UDF Funds over the years.

United Development Funding III, according to SEC filings, was formed primarily to generate current interest income by investing in mortgage loans. The fund was registered with the SEC in 2005.

Unfortunately, some investors who purchased United Development Funding III may not have been aware of the risk and lack of liquidity of the fund. The prospectus warns that no public market exists to sell limited partnership units and that investors should purchase units only if they can offer complete loss of their investment.

Secondary Market Listing

United Development Funding III is a limited partnership.  These types of investments are intended for sophisticated and institutional investors.  The level of risk is generally too high for conservative and moderate risk investors. They also lack liquidity because they are not sold on any public exchange, such as the NYSE or NASDAQ.

According to Central Trade and Transfer, a secondary market for private placements, shares of United Development Funding III are currently listed for just $2.50 per share. This appears to be a significant loss for investors, as the shares were valued at $20.00/share in 2014.

Did you lose money investing in United Development Funding III? If so the securities attorneys at The White Law Group may be able to help you. To discuss your litigation options, please call (888) 637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

The firm represents investors in FINRA arbitration claims throughout the country. For more information please visit the website at www.whitesecuritieslaw.com.

 

 

 

ADAGEO ENERGY PARTNERS LP – Investment Losses – Recovery Options

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Adageo Energy Partners LP

How to recover your losses in ADAGEO ENERGY PARTNERS LP

The White Law Group is investigating potential claims against the broker dealers that sold high risk oil and gas investments like Adageo Energy Partners LP.

Adageo Energy is an independent oil and gas company that focuses on identification, acquisition, drilling, development and operation of oil and gas properties as well as the construction and operation of natural gas pipelines, according to their website.

The trouble with limited partnerships, like Adageo Energy Partners, is that they are high risk investments compared to traditional investments, such as stocks, bonds or mutual funds. Limited partnerships are typically sold as unregistered securities. They lack the same regulatory oversight as more traditional investment products.

The high sales commission brokers earn for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors. Upon information and belief, the sales commissions earned by broker dealers who sold Adageo Energy Partners to investors was 10%.

According to SEC filings, the following firms offered Adageo investments to their clients: Jesup & Lamont Securities Corp., Sunset Financial Services Inc., Charter Pacific Securities, LLC, ePLANNING Securities Inc., Newbridge Securities Corporation, Arete Wealth Management LLC, WFP Securities Inc., Madison Avenue Securities Inc., Direct Capital Securities Inc., and Capital Guardian LLC.

Limited partnerships, especially oil and gas investments, are better suited for sophisticated and institutional investors that can afford to risk total loss of their investment.

Broker dealers that sell limited partnerships are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.

Free Consultation

To determine whether you may be able to recover investment losses incurred as a result of your purchase Adageo Energy Partners, please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.