Recovery of Harrisburg Municipal Bond Losses

Wednesday, April 4th, 2012

Have you suffered investment losses in a Harrisburg, Pennsylvania municipal bond?  If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.

Harrisburg’s insolvent capital missed its general-obligation bond payments for the first time as its receiver seeks approval for a plan to sell assets.

According to reports, Harrisburg, carrying a debt load of more than five times its general-fund budget, missed $5.27 million in bond payments due March 15 on $51.5 million of bonds issued in 1997.

The White Law Group is investigating the liability that brokerage firms may have for recommending the Harrisburg municipal bonds to its clients.

Brokerage firms have a duty to perform due diligence on any investment prior to recommending it for sale to its clients.  Broker-dealers and financial professionals that sold Harrisburg bonds would need to demonstrate that they performed due diligence on these municipal securities prior to recommending them to their clients.  To the extent that the firm’s failed to miss warning signs, they may be liable for any losses that have been incurred.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of a Harrisburg municipal bond, please contact the municipal bond securities attorneys of The White Law Group at 312-238-9650.

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 Boca Raton, Florida.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

Tags: , , , , , , , , ,