Have you suffered investment losses in Business Development Corporation of America (a/k/a BDCA)? 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.
Business Development Corporation of America (“BDCA”) is a non-traded business development company that invests in both the debt and equity of private middle market companies.
According to a letter sent out to investors, MacKenzie Capital Management is offering investors in Business Development Corporation of America $6.00 per share for their investments. This, they claim, is despite the fact that BDCA has a declining net asset value and the companies share repurchase program is oversubscribed. Unfortunately for many investors, a valuation of $6.00 would be a significant loss on their capital investment.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like BDCA, onto unsuspecting investors.
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. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you have invested in Business Development Corporation of America and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 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. To learn more about The White Law Group visit www.whitesecuritieslaw.com.