Have you invested in the MFP Flagship Fund 11? If so, you may be able to recover your investment losses, if any, through a FINRA arbitration claim against the broker dealer that sold you the investment.
According to the Securities and Exchange Commission (SEC), MFP Flagship Fund 11 is an unregistered securities product organized in 2005 and sold throughout the US. The fund set out to raise $3.5 million. Broker dealers that sold private placement interests in MFP Flagship Fund 11 earned approximately 8.5% in sales commission for every $30,000 investment sold.
Private placement investments are inherently risky due to the lack or regulatory oversight. Compared to more traditional investments such as stocks or mutual funds, these speculative investments are generally more complexly structured and often considered high-risk products.
Unfortunately for many investors, broker dealers often overlook FINRA suitability requirements when selling high-commission products like MFP Flagship Fund 11. Broker dealers are required to make appropriate investment recommendations that are consistent with a clients age, risk tolerance, investment experience, net worth, and financial objectives. If your broker dealer sold you the MFP Flagship Fund 11 unsuitably, you may be able to recover your losses in a FINRA arbitration claim.
FINRA is the securities industry watch dog that oversees regulation and compliance of broker dealers and their registered representatives. When broker dealers violate FINRA rules they can be held accountable through a FINRA arbitration claim.
To speak with a securities attorney about your potential to recover your investment losses in MFP Flagship Fund 11 or another MacKenzie Patterson Fund, 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 www.WhiteSecuritiesLaw.com.