March 13, 2015 Comments (0) Blog, Securities Fraud

Recovery of Wilshire Capital Partners Group LLC Losses

(Last Updated On: July 17, 2015)

Have you suffered losses investing in Wilshire Capital Partners Group LLC?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the investment to you.

Wilshire Capital Partners Group LLC was headed by John Mattera, an individual with a significant criminal and regulatory background, including having been sanctioned by the Securities and Exchange Commission (SEC) in 2010 for securities fraud and convicted of a felony in Florida in 2003.

Brookville Capital Partners was recently sanctioned $1.5million in conjunction with its sale of interests in Wilshire Capital Partners Group LLC and for failing to disclose the track record of Mattera to its clients.  According to a FINRA announcement, $13m was invested in Wilshire Capital Partners Group LLC through a number of investors.

The White Law Group is investigating the liability that brokerage firms may have for recommending Wilshire Capital Partners Group LLC to their clients.  According to the announcement of FINRA’s fine of Brookville Capital Partners, that firm was paid $104,000 for selling $1m of Wilshire Capital Partners Group LLC, making the commission for selling the investment over 10% (this is far in excess of most investments sold by brokerage firms).

Brokerage firms are required to perform adequate due diligence on any investment they recommend and to adequately disclose the risks of any investment.  Additionally, brokerage firms are required to ensure that all investment recommendations made are suitable in light of the client’s age, investment experience, investment objectives, net worth, and income.

If it can be demonstrated that a brokerage firm failed to perform adequate due diligence, to properly disclose the risks, or recommended an investment unsuitably, the firm may be held responsible for any resulting losses in a FINRA arbitration claim.

If you suffered losses investing in Wilshire Capital Partners Group LLC and would like 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.  The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

– See more at: http://www.whitesecuritieslaw.com/securities-fraud/blog/#sthash.J1lieFly.dpuf

-->