Investor Alert: Odyssey Operating Partnership II Terminated
Have you suffered losses investing in Odyssey Operating Partnership II? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
According to a recent letter to shareholders, Odyssey has “resolved the final disposition” of the partnerships assets. As a result, the partnership is terminated and no further distributions will be made.
The Problem with Private Placement Investments
The trouble with limited partnerships is that they are a type of private placement offering and are typically exempt from registration with the SEC. Private placements are generally risky ventures that are only appropriate for sophisticated investors. Unfortunately, because of the high commissions these products pay to brokers, they are often sold to unsophisticated and retired investors.
Broker dealers that sell these types of investments are required by the Financial Industry Regulatory Authority (FINRA) to perform adequate due diligence to ensure that the investment has a reasonable likelihood of success. Broker dealers must also take into account an investor’s age, risk tolerance, and financial objectives before recommending any investment to ensure that a particular recommendation is appropriate for a particular investor.
Broker dealers who make unsuitable investment recommendation or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.
If you have concerns regarding your investment in Odyssey Operating Partnership II and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
To learn more about The White Law Group visit, www.whitesecuritieslaw.com.