March 9, 2016 Comments (0) Blog, Securities Fraud

Investigation into Olympus Pacific Minerals Note Program

(Last Updated On: May 9, 2016)

 

The White Law Group is investigating potential claims involving the following Olympus Pacific Minerals Notes:

  • 8% Senior Secured Redeemable Gold Delivery Promissory Notes Due May 31, 2013
  • 9% Unsecured Convertible Redeemable Notes due March 26, 2014
  • 8% Unsecured Convertible Redeemable Notes Due May 6, 2015

Olympus Pacific Minerals, now know as Besra Gold Inc, is an international mining corporation originally headquartered in Vancouver, Canada. According to SEC filings, Olympus Pacific Minerals is an international mining exploration, development and production company that had a focus on two producing gold mines in Central Vietnam.

The trouble with many Note programs are that they are sold to investors as a type of alternative investment or private placement. In general, private placements are high risk products that often lack the same regulatory oversight as more traditional investment products such as stocks or bonds.

The White Law Group is investigate the liability that FINRA registered brokerage firms may have for improperly sold high-risk private placements, like Olympus Pacific Minerals Notes, to their clients.

Brokerage firms that sold Olympus Pacific Minerals Notes, have a fiduciary duty to perform adequate due diligence to determine if the investment is appropriate for the client given the client’s age, net-worth, financial objectives, investment experiences, financial needs, and risk tolerance.

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.

To determine whether you may be able to recover investment losses incurred as a result of your purchase Olympus Pacific Minerals Note, please contact The White Law Group at 1-800-637-5510 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.