Have you suffered investment losses in Boston Capital Tax Credit Fund? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to FA.Mag, Boston Capital is a major force in the tax-credit market, selling its funds to both corporations and retail investors. The company offers real estate funds that invest in low-income housing and provides a tax credit to investors.
Unfortunately, some investors may not have been unaware of the risk and lack of liquidity of the fund. The prospectus warns that “Investors may not be able to liquidate their investment promptly at reasonable price.”
According to LPsales.com, a secondary market for private placements, shares of Boston Capital Tax Credit Fund IV-Series 45 recently sold for $0.20 per unit in December 2014.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Boston Capital Tax Credit Fund, please contact 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.