Cypress Income Fund IV Secured Recourse 8.25% Promissory Note Investment Losses
Have you suffered losses investing in the Cypress Income Fund IV Secured Recourse 8.25% Promissory Note? If so, this information may be important to you.
Cypress recently sent a letter to investors that provided the following information:
– Originally issued in September 206, the company apparently failed to make payment of all principal and accrued interest on the Maturity date of the Note.
– The company was notified by the Trustee that they were in default but still failed to cure.
– The company stated that it is attempting to liquidate all remaining assets of the acquisition fund which is the sole source of repayment on the Note.
This appears to be just more bad news for Cypress investors.
The White Law Group continues to investigate potential claims involving Cypress private placement investments including the Cypress Income Fund IV Secured Recourse 8.25% Promissory Note. Specifically, the firm is investigating the liability that brokerage firms may have for improperly recommending the investment.
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.
Recovery of Investment Losses
If you have invested in the Cypress Income Fund IV Secured Recourse 8.25% Promissory Note 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.