Concerned about Investment Losses in Cion Investment Corporation?
Are you concerned about your investment losses in Cion Investment Corporation? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group continues to investigate potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase high-risk non-traded business development companies such as CION Investment Corporation.
CĪON Investment Corporation (“CĪON”) is a non-traded business development company, or BDC, that primarily invests in the senior secured debt of U.S. middle market companies, which we define as companies with annual EBITDA of $50 million or less. CĪON’s investment objective is to generate current income and, to a lesser extent, capital appreciation for its investors.
Cion Investment Corporation raised money for its investment through a Reg D private placement offering. Reg D private placements structured like Cion Investment Corporation are then typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
The trouble with business development companies (“BDC”), like Cion Investment Corporation, is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Latest News on Cion Investment Corporation
On January 24, CION Investment Corporation increased the offering price per share to $9.60 from $9.57. The increase in price became effective on January 25, 2017.
If you suffered losses investing in CION Investment Management BDC and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 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 in FINRA arbitration claims throughout the country. For more information on the firm, visit http://www.whitesecuritieslaw.com.