Investment Losses in U.S. Preventive Medicine
Have you suffered losses investing in U.S. Preventive Medicine? If so, The White Law Group may be able to help you recover your losses.
According to Bloomberg, U.S. Preventive Medicine, Inc. provides wellness, early detection, and care management products and services that improve health outcomes while reducing healthcare costs. The company offers Preventive Plan, a Web-based/online health management platform for the clinical science of preventive medicine.
U.S. Preventive Medicine is a Reg D private placement investment. The White Law Group is investigating the liability that brokerage firms may have for improperly selling private placements like U.S. Preventive Medicine.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
The Problem with Reg D Private Placements
However, another problem with Reg D private placements is that the high sales commissions and due diligence fees the brokers earn for selling such products sometimes can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks of these types of investments or to outright misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks. For a detailed look at Reg D private placements, go here.
Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes and if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of U.S. Preventive Medicine or other Reg D private placement investment, please contact The White Law Group at 1-888-637-5510 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. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.