The White Law Group is investigating the liability that brokerage firms may have for selling Lease Equity Appreciation Fund II, L.P.
According to a letter dated February 3, 2015, LEAF Fund II has finished the liquidation process and is now terminated. Unfortunately, after paying the Fund’s debt and other expenses, there are no proceeds available for distribution. As a result of the termination, some investors may be eligible for a tax deduction on there 2014 tax returns.
Limited partnerships, like LEAF, are complex high risk products that are typically intended for sophisticated and institutional investors. Unfortunately, some brokers may have downplayed the risks associated with limited partnerships and mislead investors into thinking that they are “safe” investment products. Limited partnerships are arguably unsuitable for most investors, especially conservative investors.
Prior to making recommendations to an individual investor, brokerage firms are required to disclose all the risks of an investment. Brokerage firms must also only recommend an investment that is suitable for an individual investor given that person’s age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through securities arbitration.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of LEAF Fund II, please contact 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 Vero Beach Florida.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.