Many investors, who have already suffered devastating loses as a result of their investment with SCI Real Estate Investment, may be required to return distributions. An adversary proceeding has been filed in the SCI bankruptcy against 250 defendants to recover distributions received from SCI Real Estate Investments.
Brokerage-firms and financial advisors, such as Investors Capital and Don Ingram, who recommended SCI to clients, may have overlooked suitability and disclosure regulations established by the Securities Exchange Commission.
Brokerage-firms that failed to perform due diligence and uphold their fiduciary duty to their clients can be held liable for investment losses through FINRA arbitration.
The White Law Group continues to investigate TICs and other securities provided by SCI Real Estate Investments, and the liability brokerage-firms may have for recommending these investments to their clients.
The adverse affect the bankruptcy will have on SCI Capital Group securities is unclear, but many investors have expressed concern in regards to the SCICG Mezzanine Fund. Other Funds that may be affected include the SCICG Student Housing Opportunity Fund and SCICG Note Program.
If you have questions about a SCI Real Estate Investment and would like to discuss your litigation options, please call The White Law Group at 312-238-9650 for a free consultation.
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, please visit our website at http://www.whitesecuritieslaw.com.
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