United Development Funding III – Securities Investigation

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.

 

 

 

KBS REIT – Securities Investigation – Final Liquidation

KBS REITKBS REIT – Dissolution of the Company

Did you lose money investing in KBS REIT at the advice of your financial advisor? If so, the securities attorneys may be able to help you.

The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) including KBS REIT.

KBS Real Estate Investment Trust, Inc., publicly registered non-traded REIT, went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity.

Stockholders of KBS REIT approved a plan of complete liquidation and dissolution of the company in January 2017, according to SEC filings.

According to SEC filings last week, the board of KBS REIT authorized a $2.40 per share liquidating distribution to the company’s stockholders of record on December 14, 2017. The distribution is expected to be paid this week and will be funded from proceeds from asset sales.

As a result of the distribution, the board approved an estimated value of $0.00 per share for the company’s common stock, effective December 14, 2017.

The Trouble with Non-Traded REITs

KBS REIT is a non-traded REIT. These investments are complex and inherently risky products.

Broker dealers are required to ensure that their recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. They are also required to inform clients of the risks associated with investment recommendations. Firms that fail to do so may be held responsible for any 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.

Lack of liquidity can also be a problem for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

If you are concerned about investment losses in KBS REIT or another non-traded REIT, you may be able to recover your losses. Please call 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 White Law Group, please visit www.whitesecuritieslaw.com.

 

 

United Development Funding IV – Securities Investigation of UDF IV

UDF IVUDF IV Fails to File Quarterly Reports

The White Law Group continues to investigate potential claims involving brokerage firms’ improper sale of UDF IV. The firm has filed several FINRA arbitration claims involving UDF IV.

United Development Funding IV operates as a real estate investment trust (REIT) in the United States. The offices are located in Grapevine, Texas.

Bad News for Investors

The SEC launched an investigation into United Development Funding IV in 2014 after a hedge fund manager accused the REIT of a Ponzi-like scheme.

In February of 2016, the FBI raided UDF IV’s offices, seizing documents and computers after the company disclosed that it received a grand jury subpoena. The company’s stock was also suspended at that time.

Last May, the Nasdaq Stock Market LLC announced that it would delist the common shares of United Development Funding IV.

On November 14, the UDF IV announced that they will be unable to file their next 10-Q by the SEC’s deadline. UDF IV has not filed quarterly or annual reports dating back to the fourth quarter of 2015.

Recover your Investment Losses

The White Law Group has handled dozens of FINRA arbitration claims against brokerage firms involving improper sale of UDF investments, including UDF III and UDF IV.

Brokers have a fiduciary duty to perform due diligence on any investment. They must ensure that investment recommendations are suitable for the investor based on their client’s age, net worth, risk tolerance, investment experience and objectives, risk tolerance. If a broker overlooks suitability requirements, investors may have recourse to recover their losses through FINRA dispute resolution.

Did you suffer losses investing in United Development Funding IV (UDF IV) at the advice of your financial advisor? If so, the attorneys at The White Law Group may be able to help you recover your losses. For a free consultation, please call 1-888-637-5510.

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

For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.

 

 

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ADAGEO ENERGY PARTNERS LP – Investment Losses – Recovery Options

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.

 

KBS REIT Investment Losses – Recovery Options

KBS REITHow to recover your losses in KBS REIT

The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) including KBS REIT.

KBS Real Estate Investment Trust, Inc., publicly registered non-traded REIT, went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity.

Stockholders of KBS REIT approved a plan of complete liquidation and dissolution of the company in January 2017, according to SEC filings. KBS REIT said that the net proceeds from the remaining asset sales will be distributed to stockholders by January 27, 2019. The dissolution filing will not affect the right of shareholders to receive distributions under the liquidation plan and Maryland general corporation law.

Shares of KBS REIT were originally sold for $10.00 each. The company previously paid special distributions of $0.65 per share to stockholders for property sales from 2012 through 2015.

The Trouble with Non-Traded REITs

The trouble with non-traded REITs, like KBS REIT, is that they are complex and inherently risky products.

Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.

In addition, lack of liquidity can be problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

If you are concerned about investment losses in KBS REIT or another non-traded REIT, please call The White Law Group at 1-888-637-5510 for a free consultation. It may be possible to recover your losses through a FINRA arbitration claim against the brokerage firm that sold you the investment.

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 White Law Group, please visit www.whitesecuritieslaw.com.