Did you invest in CORE Series 2007 8% Secured Debentures? If so,The White Law Group may be able to help you recover your investment losses.
In a letter to shareholders, CORE announced that three apartment complexes, the primary collateral for the Debenture, have been foreclosed upon. The letter states, “Core will not be in a position to repay the debentures at this time. The letter went on to say that “repayment of the Debentures in full is only a remote possibility. ”
The White Law Group is investigating the liability that some brokerage firms may have for selling CORE investments to clients. Brokerage firms that solicit private placements, like CORE, are required to perform adequate due diligence to ensure the investments likelihood of success, and that investment recommendation are suitable for each individual investor. The investment should be in line with regulatory guidelines that include the client’s age, risk tolerance, net worth, and investment experience. If a broker fails to make suitable investment recommendations or fails to perform adequate due diligence, they may be liable for investment losses.
Private placements are typically high risk securities products that often lack liquidity. Despite the inherent risk associated with private placements, some brokers eager to make a sale, often tout the potential for high returns and downplay the risks. Private placements are arguably unsuitable for most investors and generally intended for sophisticated and institutional investors.
If you suffered losses investing in CORE realty and would like to speak to a securities attorney to discuss your litigation options, please call the securities attorneys of The White Law Group at (312)238-9650 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.