Business Development Corporation of America – Securities Investigation
Have you suffered investment losses in Business Development Corporation of America? 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.
According to SEC filings, Business Development Corporation of America agreed to purchase up to 8,610,409 shares of its issued and outstanding Common Stock at $8.86 per share, which represents the Company’s net asset value per share as of March 31, 2016.
Unfortunately for many investors, it appears that the tender offer price would represent a significant loss on their capital investment.
Investigating Potential Claims
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like Business Development Corporation of America, 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.