Are you concerned about investment losses in Provasi’s Priority Income Fund ? If so, The White Law Group may be able to help.
Priority Income Fund, Inc. is a closed ended fixed income mutual fund launched by Prospect Capital Management LLC and Behringer Harvard Holdings, LLC. As we told you, Behringer Securities LP changed its name to Provasi Capital Partners in October 2015. The name Behringer for many investors is associated with a number of non-traded REITs that cost many investors significant losses.
The fund is managed by Priority Senior Secured Income Management, LLC. It invests in the Senior Secured Loans, with an emphasis on current income or pools of senior secured loans known as collateralized loan obligations. The fund invests in the companies whose debt is rated below investment grade. It was previously known as Priority Senior Secured Income Fund, Inc. Priority Income Fund, Inc. is domiciled in United States, according to Bloomberg.
The White Law Group is investigating the liability that brokerage firms may have for recommending high-risk investments, such as Priority Income Fund to their clients.
Brokerage firms are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives. Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.
If you suffered losses investing Provasi’s Priority Income Fund or another Provasi Capital Investment and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm. For more information on the firm, visit http://www.whitesecuritieslaw.com.