October 21, 2014 Comments (0) Blog, Securities Fraud

Recovery of Rainer Preferred Income Partners IV

(Last Updated On: July 17, 2015)

Have you suffered losses as a result of your purchase of Prefered Income Partners IV, LLC? If so, The White Law Group may be able to help you recover your investment losses.

According to marketing material, Prefered Income Partners IV was the fourth in a series of real estate offerings by Rainer Capital Management. The three previous funds were said to have produced returns of 8%. Unfortunately, it is unclear if Prefered Income Partners IV has had similar success.

Prefered Income Partners IV was sold to investors as a type of private placement. Typically, private placements are high risk products better suited for sophisticated and institutional investors. They are exempt from registration with the Securities and Exchange commission and therefore lack the same regulatory oversight compared to more traditional securities products such as stocks or mutual funds.

Another problem, is the high sales commissions often associated with private placements. In certain cases the sales commission may provide some brokers with enough incentive to over look suitability requirements. According to filings with the SEC, the sales commission associated with Prefered Income Partners IV is approximately 6.5%.

Broker have a fiduciary duty to research investments prior to recommending them for sale to its clients and to ensure that the investments in recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives. Brokers that make unsuitable investment recommendations or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.

If you invested Prefered Income Partners IV and are concerned about your investment, please call our Chicago office 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 Vero Beach, Florida.

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

-->