October 5, 2015 Comments (0) Blog, Securities Fraud

Recovery of Prestige Wealth Management Fund Losses

(Last Updated On: October 5, 2015)

Have you suffered financial losses in Prestige Wealth Management Fund? If so, The White Law Group may be able to help recover your losses.

According to SEC records, Prestige Wealth Management Fund, based in New York was launched in 2010. The hedge fund collapsed in 2012, according to a SEC complaint , losing 80% of its value.

Hedge funds employ various complicated trading schemes in an effort to maximize returns. These trading schemes involve risks which causes hedge fund returns to be extremely volatile.

Due to the high risk associated with Prestige Wealth Management Fund, the fund was not suitable for most retail investors.

The White Law Group is investigating the liability that brokerage firms may have for recommending Prestige Wealth Management Fund. Brokerage firms are required to make recommendations that are appropriate for their clients in light of their clients’ particular age, risk tolerance, income, net worth, investment experience, and investment objectives. If a brokerage firm makes unsuitable investment recommendations they may be help responsible for any resulting losses in a FINRA arbitration claim.

If you invested in Prestige Wealth Management Fund 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 Boca Raton, Florida.

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